13818 Burbank Boulevard, Sherman Oaks CA

5.2% Proforma cap rate, 4.3% at Close of Escrow. Fourplex in prime Sherman Oaks area with great amenities. All Units are large 2 bedroom/1 baths with oak hardwood floors, Central Air & Heat, and dishwashers. Two units have large private, fenced, and locked yards. Two units have high, vaulted, open-beam ceilings. All 4 one-car garages are not rent-controlled, and have huge, immediate upside potential; tenants currently rent them for $10/month. They are outfitted with whisper-quiet openers. Laundry Room is owned by Seller and includes front-load, digital washer and dryer, and individual private laundry lockers for each tenant. Includes two private, locked, and rentable storage rooms, one is large and one is under the outside staircase. Property features gated and locked entry with intercom system. 3 units have newer kitchen & bathroom cabinets, sinks, and countertops. One unit's is all brand new. Largest unit with biggest private yard is vacant for possible owner use. Building has newer, high-quality roof. Separate water meter for landscaping - so there are no sewer charges for landscaping.
 
 Buyer to cooperate with seller in a 1031 exchange, with no expense to the buyer.
 
 Please Do Not Disturb Tenants. Contact agent for more information.