13550 Rye Street, Sherman Oaks, CA 91423

About this property

We proudly introduce 13550 Rye St, Sherman oaks CA – A clean cut low maintenance investment property. This Apartment building has a great unit mix with 6 units comprised of (4) 2 Beds + 1 Baths & (2) 1 bed + 1 baths. Total building square feet are 4,186 sqft &, the lot size is 6,205 sqft. This property is cost effective with low monthly expenses with no gardener expenses necessary, separately metered for electricity and gas & overall low maintenance characteristics. The Laundry is owner owned and operated which makes roughly $160 per month for added income. The combined monthly income for the units is $8,733. The Sherman Oaks neighborhood is known for its high-end residential atmosphere with an affluent resident population, many entertainment options on Ventura Blvd, chic restaurants & lively night life. This building is close to high end shopping malls, entertainment centers, & the 101 & 405 freeways which make it a hot spot for renter desirability. Enjoy low vacancy rates & a long lasting income stream for generations.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,560,000

Sold November 2023 · listed $1,599,900, on market September 2023 · MLS #SR23177634 · Source: CRMLS

Listing Agent: Steve Nakachian · Listing Office: Pinnacle Estate Properties · Contact: 818-993-7370 · Bought with: Steve Nakachian · Pinnacle Estate Properties

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