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Sold for $1,275,000 · Apr 2023

SOLD

Listed at $1,350,000

Sold

4314 Allott Avenue, Sherman Oaks, CA 91423

Sherman Oaks, CA

MLS# SR23016627

2,112 Sq Ft • Triplex4bd • 3ba
43 days on market

Listing Agent

Rosalyne Cohen

Listing Agent

Beverly and Company, Inc.

DRE #: 01973657

Brokerage: Beverly and Company, Inc.

Property Details

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

Description

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.

Facts & Features

Details

Stories
1
Cooling
CentralAir
Heating
ForcedAir

Sale history for 4314 Allott Avenue

2 recorded sales

$1,275,000
Sold April 2023 · listed $1,350,000, on market January 2023, 43 days on market · MLS #SR23016627 · Source: CRMLS
Listing Agent: Rosalyne Cohen · Listing Office: Beverly and Company, Inc. · Contact: 818-826-9086 · Bought with: Nayri Tabakian · Nayri S. Tabakian, Broker
$795,000
Sold June 2014 · listed $799,000, orig. $849,900, on market February 2014, 106 days on market · MLS #SR14022838 · Source: CRMLS
Listing Agent: Michael Tootikian · Listing Office: Keller Williams Realty - Studi · Contact: 818-432-1500 · Bought with: Arman Balakhchyan · Arman Balakhchyan

How this sale compares

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).

$604
This sale, per sq ft
$768
91423 median per sq ft (12 mo)
$1,639,000
91423 median sold price (12 mo)
184
Closed sales in 91423 (12 mo)
43
Days on market
−5.6%
Sold vs. list price
QuarterClosed sales in 91423Median sold price
Q1 202613$1,750,000
Q2 202685$1,860,000
Q3 202664$1,480,000
Q4 202622$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

Recent sales near 4314 Allott Avenue

Closed sales reported in 91423, nearest first, last 12 months. All recent sales in Sherman Oaks →

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