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listing
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Residential IncomePending
$2,950,000
4188 Greenbush Avenue
Sherman Oaks, CA
Listed by Sean Rosenzweig DRE#01406343 [email protected] Marcus & Millichap
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$15,327/mo

i am pleased to offer for sale, for the first time in over40 years, the Regency Apartments. The subject property is a 10-unit apartment building located in prime Sherman Oaks, one of the preeminent markets in Los Angeles. The property is comprised of one building with 10 parking spaces and a laundry room on a 7,640 square foot lot. Built in 1964, the unit mix consists of two studio units, four one-bedroom units, and four one bedroom loft units. The Regency has been owned by the same family for over 40 years. Additionally, while the building has been well-maintained, the property is perfectly suited for a comprehensive renovation that would allow investors the ability to increase rental income by more than 38% post renovation. Given the property's prime Sherman Oaks location, south of Ventura Boulevard and significant value-add component, Regency Apartments is well-suited to provide investors with healthy returns and long-term appreciation.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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