A 2020 construction fourplex located 1 minute from Sherman Oaks! New construction fourplexes are extremely rare and hard to find in the Sherman Oaks area, making this property a deal to act on immediately! 5836 Woodman is made up of four modern, 3-story, side-by-side townhome style units. The property consists of a 4 bedroom, 4 bathroom unit ($3,900), a 4 bedroom, 3.5 bathroom unit ($3,800), and two 3 bedroom, 3 bathroom units ($3,500 each). Construction on this impressive project is expected to be completed in February or March of 2020. This low maintenance property boasts a wide array of perks for investors including: a prime location minutes from Ventura Blvd (the trendy hub of Sherman Oaks), no rent control, an exceptional projected cap rate of 4.97%, separate meters for gas, water & electric, a 1 year builder’s warranty, brand new EVERYTHING, minimal expenses, and extreme desirability amongst renters. The units will feature: laundry hookups in each unit, stainless steel appliances, high quality finishes, custom unique tilework, upscale modern kitchens, and stunning bathrooms! Each rear townhome has a private 2-car garage with direct access into the units. One front unit has a private 1-car garage and an exterior space, and the other front unit comes with two exterior spaces, making for a grand total of 8 spots!
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