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Sold for $12,738,000 · Mar 2023

SOLD

Listed at $13,500,000

Sold

4605 Sylmar Avenue, Sherman Oaks, CA 91423

Sherman Oaks, CA

MLS# 22212405

48,602 Sq Ft • Property70bd • 70ba
26 days on market

Listing Agent

Adrienne Barr

Listing Agent

Berkadia

DRE #: 01308753

Brokerage: Berkadia

Property Details

70

Bedrooms

70

Bathrooms

48,602 sqft

Square Feet

1962

Year Built

1.02 acres

Lot Size

$262

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

We are excited to exclusively offer for sale, 4605 Sylmar Avenue, a 39-unit apartment community located in the heart of Sherman Oaks, California, within walking distance to Ventura Boulevard. Seismic earthquake retrofitting work has been completed. Priced at $278 psf (priced below replacement cost), the property sits on over one acre and features a large private courtyard with sparkling swimming pool, sundeck and grilling area; lush landscaping; 3 laundry rooms; and 38 side-by-side, covered parking spaces. The property offers a unit mix of one-, two- and two-bedroom plus den units, averaging 1,071 sf. Units feature spacious floor plans with individual in-unit water heater; central air and heat; and private balconies. Situated in a prime Sherman Oaks location, the property is within walking distance to Whole Foods Market, Gelsons, Best Buy, Blu Jam Cafe, Mamalade Caf, ULTA, Burger Lounge, Starbucks, Buffalo Exchange and nearby Ventura Boulevard. The location provides convenient access to freeways, the Van Nuys Metrolink and Amtrak station and is minutes to Valley College and close proximity to UCLA, Van Nuys Airport and Burbank Airport. OFFERING MEMORANDUM, rent roll and financials available on website referenced in Agent remarks. Rents shown are averages for each unit type; full rent roll available on website.

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

Facts & Features

Details

Cooling
CentralAir
Heating
Central

Sale history for 4605 Sylmar Avenue

1 recorded sale

$12,738,000
Sold March 2023 · listed $13,500,000, on market October 2022, 26 days on market · MLS #22212405 · Source: CRMLS
Listing Agent: Adrienne Barr · Listing Office: Berkadia · Contact: 310-209-3200 · Bought with: Subscriber Non · Non-Participant Office

How this sale compares

4605 Sylmar Avenue sold for $12,738,000 in March 2023, 5.6% under its $13,500,000 list price, after 26 days on the market. That works out to $262 per square foot on 48,602 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, 193% above this sale's $262.

$262
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)
26
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 4605 Sylmar Avenue

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

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