The subject property is a four-unit apartment building in the prestigious community of Sherman Oaks, CA. Constructed in 1964, this two-story building sits on a 5,285 square foot lot. Boasting an attractive unit mix of 2 two bedroom units and 2 three bedroom units, the building' s spacious floorplans average over 1,000 square feet each. The property has been very well maintained through the years and demonstrates the pride of ownership characteristics seen in other apartment buildings in the vicinity. Located only minutes away from the Sherman Oaks Galleria and the Westfield Fashion Square, 5709 Hazeltine provides tenants the comfort of central air conditioning. Maintenance and utility expenses are limited thanks to the building' s partial copper plumbing and individual water heaters. With over 15% upside in rents, an astute investor will have the opportunity to capitalize on the improving market and achieve premium rents.
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