Property Detail

Description

Offered for sale for the first time in 48 years, this 15-unit apartment building occupies a prominent 18,300-square-foot corner lot at Fulton Avenue and Kling Street, near the Sherman Oaks/Studio City border. Located in the highly sought-after 91423 zip code, this well-positioned investment property offers a compelling combination of established rental income, value-add potential, and future development opportunities. The property features an attractive unit mix of six one-bedroom and nine two-bedroom residences. Some units are below market, presenting potential for increased rental income. Residents enjoy a central courtyard swimming pool, landscaped frontage, covered gated parking, and additional tenant storage. The property's convenient location provides easy access to Ventura Boulevard, shopping, restaurants, entertainment, and major transportation corridors. Given its current income, prospects for enhancing rental performance, and property redevelopment possibilities, this building presents a very attractive investment opportunity in one of the San Fernando Valley's most desirable rental markets.