Active
14065 Moorpark St
Sherman Oaks CA, 91423
$7,350,000
$364.19 per sqft
Active
28 Beds
30 Baths
20,182 sqft
Multi-family
Built in 1956
We are pleased to exclusively present Park Seville, a rare 30-unit value-add opportunity located at 14065 Moorpark Street in the heart of Sherman Oaks, California. This mid-century gem offers a compelling investment opportunity in one of the most desirable neighborhoods of the San Fernando Valley.Park Seville is a two-story, walk-up building situated on a 23,882-square-foot lot. It features an appealing unit mix of 11 studio units, ten one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units, designed with efficient layouts to cater to the local renting community. Thoughtfully maintained by current ownership, which includes the original developer, upgrades include copper re-piping, new electrical subpanels, and select unit enhancements upon turnover. As units turn over, investors can capture an estimated 37% upside potential in rents by implementing high-end finishes sought after by modern Sherman Oaks renters. The property also maintains an expansive interior courtyard with a pool, an on-site shared laundry facility, and secured garage parking for 22 of the 30 units eight of the studio units are not provided with a parking space.The property's prime location just steps from Ventura Boulevard positions it near Los Angeles' most iconic retail and dining establishments, including Sherman Oaks Galleria, Westfield Fashion Square, and Castle Park. The area is also home to various top-tier schools such as Harvard-Westlake, Notre Dame, and Buckley. Furthermore, the surrounding region has undergone transformative developments, such as IMT Residential's nearby project, IMT Sunkist. Also known as Citrus Commons, the development is anticipated to deliver 249 residential units and 27,000 square feet of retail space, a project amid many others that greatly reinforce institutional confidence in Sherman Oaks.Park Seville represents a unique chance to create a premier luxury community in a highly coveted Los Angeles rental submarket, offering significant upside potential and long-term value for savvy investors.
25-484527
MLSⓇ ID
January 16, 2025
Listed
January 17, 2025
Updated
Map
14065 Moorpark St
Sherman Oaks CA, 91423
Interior Features
Total Stories
2
Bedrooms
28
Total Bathrooms
30
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.55 Acres
Roof
Flat
Other Property Details
Area Name
Sherman Oaks
Garage
No
Parking
Covered Parking
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Filip Niculete with Marcus & Millichap
Listing Contact: 818-212-2817
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Peter Mac shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/17/2025