USACASherman Oaks5707 Tilden Ave
5707 Tilden Ave, Home with 8 bedrooms, 6 bathrooms and null parking in Sherman Oaks CA | Image 1
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$1,615,000

5707 Tilden Ave, Sherman Oaks, CA

Real Estate

For Sale

$--,---,---
860
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4618 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1952
Avg. Price Per Sqft $349
MLS® Number 25569175

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

With its high in-place CAP Rate of 6.22%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property's storage units, which currently provide an additional $1, 000 monthly beyond the apartment rental income collected. A new owner may seek to take advantage of the approved architectural plans for two potential ADUs, which could increase both the monthly income and the property value even further. Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles southShow Description
MLS® Number25569175
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1952
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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