Property Detail

Description

4303 Cedros Ave, a 15 unit apartment building located in Sherman Oaks, a San Fernando Valley neighborhood. Built in 1987, the property consists of (15) two-bedroom + two-bathroom units. The building is 19,584 gross square feet and sits on a12,500 square foot lot.4303 Cedros Ave is located on a quiet, tree-lined residential street in the heart of Sherman Oaks.Residents enjoy close proximity to popular destinations such as the Sherman Oaks Galleria andVentura Boulevard, known for its vibrant mix of boutique shopping, acclaimed restaurants, wine bars, cafes, and everyday conveniences.Centrally positioned within the San Fernando Valley, the property offers seamless access to major transportation routes including the 101 and 405 freeways, providing an easy commute to surrounding Los Angeles neighborhoods and employment hubs. Its desirable location combines neighborhood charm with urban accessibility, making it an appealing choice for a wide range of tenants. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a6.62% CAP rate upon unit turnover.