4
Bedrooms
Sold for $1,275,000 · Apr 2023
SOLDListed at $1,350,000
Sherman Oaks, CA
MLS# SR23016627
Rosalyne Cohen
Listing Agent
Beverly and Company, Inc.
DRE #: 01973657
Brokerage: Beverly and Company, Inc.
4
Bedrooms
3
Bathrooms
2,112 sqft
Square Feet
1951
Year Built
6,027 sqft
Lot Size
$604
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Triplex
Property Type
Great investment opportunity for 3 rental income (or 4 -optional) from a single property in the prime neighborhood of Sherman Oaks! This Triplex features a total of 3 units: 2 rented units with 1 bed & 1 bath each with a cozy patio area (one of them was recently remodeled). Third unit features remodeled 2 bedrooms & 1 bath , private backyard and a detached 2-car garage accessible from alley and option to convert to ADU for additional 4th income unit. With RD1.5 zoning , it allows to maximize the potential use of the lot sq. ft and build a total of 4 units for income. This triplex investment lets you live in one unit and rent out the remaining units. The 2 bedrooms unit featuring approx. of 1,200 sq. ft with an open floor plan and has been fully remodeled in kitchen, bathroom, flooring and painting. Recently installed central heating , A/C, interior and exterior surround speakers, newer stucco, plumbing, electrical, roofing, windows, painting ,concrete, sewer, and much more. The property is located in the heart of Sherman Oaks. Conveniently nearby Ventura Boulevard, Starbucks , coffee shops , luxury restaurants, new Whole Foods , Sherman Oaks' finest boutiques, shopping centers, parks, Westfield fashion square mall, and easy access to the 405 & 101 freeways. Don't miss out on this rare opportunity to earn passive income from 3 units and own a Triplex with potential for 4 income units .
Listing description from the April 2023 sale, as reported to CRMLS.
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2 recorded sales
4314 Allott Avenue sold for $1,275,000 in April 2023, 5.6% under its $1,350,000 list price, after 43 days on the market. That works out to $604 per square foot on 2,112 square feet. Across 184 closed sales in 91423 over the last 12 months, the median sold price is $1,639,000 and the median is $768 per square foot, 27% above this sale's $604. 4-bedroom rentals in 91423 currently list at a median of $14,000 a month (15 listings).
| Quarter | Closed sales in 91423 | Median sold price |
|---|---|---|
| Q1 2026 | 13 | $1,750,000 |
| Q2 2026 | 85 | $1,860,000 |
| Q3 2026 | 64 | $1,480,000 |
| Q4 2026 | 22 | $1,351,074 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Sherman Oaks · Homes for sale in 91423
Closed sales reported in 91423, nearest first, last 12 months. All recent sales in Sherman Oaks →
4314 Allott Avenue
Contact Rosalyne Cohen
Contact via Nalren messaging
Contact Listing Agent
Beverly and Company, Inc.
DRE #01973657
Contact information is not available for this listing.