Active

14065 Moorpark Street

Sherman Oaks CA, 91423

$7,350,000


$364.19 per sqft

Active

28 Beds

30 Baths

20,182 sqft

Residential

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 33% 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.

25484527

MLS ID

January 16, 2025

Listed

February 6, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

28


Total Bathrooms

30


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Floor Furnace

Exterior/Building Features

Lot Size

0.55 Acres

Other Property Details

Area Name

SO - Sherman Oaks


Days on Market

21


Garage

No


Parking

Covered


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Filip Niculete, Marcus & Millichap, CA DRE 01905352

Listing Contact: 818-212-2817 

Based on information from the CRISNet MLS as of 2/6/2025, 11:47 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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