Homes for sale - 4212 Greenbush AVE, Sherman Oaks, CA 91423

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Thomas Ryan

thomas@thomasryan.realestate +1(909) 334-2049

$ 4,850,000

Est. payment | -/mo

18 Beds

15 Baths

13,380 SqFt

Save

$ 4,850,000

Est. payment | -/mo

Save

18 Beds

15 Baths

13,380 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,380 sqft

Price per Sqft $362

MLS Listing ID 25493367

Bedrooms 18

HOA Y/N No

Year Built 2007

Lot Size 8,215 Sqft

Property Description

We are pleased to present the opportunity to acquire the fee simple interest in all units of a luxury condominium property in prime Sherman Oaks, CA. Greenbush Villas at 4212 Greenbush Avenue comprises six individual condominiums each with its own assessor parcel number, with 2 Units Delivered VACANT. All six condominiums are owned by the original developer and are being sold together. This sale structure gives buyers the opportunity to either continue operating the property as an income-producing multifamily asset or to sell the individual units off with the potential for sizable profits. The property was built in 2007 using podium-style construction that includes a wood-frame structure over a poured concrete base. Each unit has 3 bedrooms and 2.5 baths and each features a bonus room as well as an enclosed loft which is perfectly suited for home office use. Each unit also has its own private rooftop deck, laundry hookups, and a private 2-car garage. There is central heat and air as well as fireplaces throughout. Units feel very much like homes with a massive primary living area and kitchen. Units range in size from 2,100 to over 2,400 square feet. Located just 200 feet north of famed Ventura Boulevard on an idyllic tree-lined block in the best possible part of Sherman Oaks, Greenbush Villas provides tenants with walkable access to some of the area's best restaurants, bars, shops and services. Within a 3-minute stroll are culinary standouts Sushi Note, HomeState, The Great Greek, and Wood and Water. Directly to the north are multi million dollar single family homes. Greenbush Villas is also just one block from highly-regarded Dixie Canyon Community Charter School. There truly is no better location in the San Fernando Valley. Astute investors will have multiple options when choosing how to best leverage this amazing asset. Greenbush Villas is uniquely positioned in the rental market with extremely rare, high-quality, 3-bedroom units that should appeal to families priced out of the local market for single-family homes. Alternatively, the new owner might find that the prevailing value of $1,000,000+ for similar condominiums simply offers too compelling an opportunity for selling the units off individually. Either strategy provides tremendous value-add potential.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Door-Multi, Garage

Porch Open, Patio

Total Parking Spaces 12

Building

Story 4

Entry Level Three Or More,Multi/Split

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2360010081

Special Listing Condition Standard

Listed by Eric Dilanian • Remax Commercial and Investment Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

4212 Greenbush AVE Sherman Oaks, CA 91423