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$2,290,000

Beds
8
sq ft
4,821

5170 Columbus Ave, Sherman Oaks, CA 91403

5170 Columbus Ave

Sherman Oaks, CA 91403

  • 90 days on market
    • Price drop $200,000↓
We are proud to present this 8-unit apartment building in an excellent Sherman Oaks location. The property was originally built in 1956,four units were added in 1987 and then in 2024, a Studio ADU was added for a total of 8 units. This property is subject to the LA City RentControl. There is an excellent unit mix that includes Two Two-Bedroom/Two-Bath Units and Four One-Bedroom/One-Bath Units, OneStudio and One Studio ADU.The property is minutes from the endless dining, shopping, and entertainment options on Ventura Blvd. The Sherman Oaks Galleria is alsoa very short drive away. Access to the 101 and 405 Freeway's is very close by, which provides easy access to the surrounding area andjob opportunities.This is a great opportunity to own a well located building on a corner lot with great features such enclosed garages, central A/C & Heatand spacious floorplans.

Details

Property type

Est. home value

$2,639,845

Lot size

6,254 sq ft

Price per sq ft

$476

Year built

1956

HOA

No

Price History

09/06/2024
CLAW

CLAW #24428565

Price change
$2,290,000
-8.03%
08/15/2024
CLAW

CLAW #24428565

Listed
$2,490,000

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

East West Bank

Loan start date

September 2018

Original loan amount

$1,125,000

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

Commercial

Seller

Daniel David Eshtiaghpour

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 8:00 PM

Listing updated: 09/30/2024 at 11:30 AM

Listed by: Brett Sanson, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24428565

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