We are pleased to present this price reduction for these 4 units located at 4517 Hazeltine Avenue in Sherman Oaks, which are now priced to sell. Built in 1954, the offering consists of two 1-bed/1-bath units and two 2-bed/1-bath units. This extremely well located property offers an investor the opportunity to capitalize on over 40% upside in rents without the hassle of dealing with any deferred maintenance since the structure is in very good shape. Also, an owner/user can take advantage of the very low interest rates and lock in a 3% interest only loan and at the same time get one of the low paying tenants out. For an investor, you can still get an interest rate of 3.85% for a normal amortized loan or 4% for an interest only loan. Furthermore, you are only required to put down 25%, which comes out to about $340,000. The property is situated on a 6,036 square foot lot with 3,339 square feet of gross rentable area.
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