14924 Dickens StLos Angeles, CA 91403

Property Details for 14924 Dickens St

Year built

1960

Property size (Sq ft)

8,907 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents an 11-unit apartment building located at 14924 Dickens Street, Los Angeles, CA 91403. The property boasts a total of 8,907 square feet on a 10,793 square foot lot, with a desirable zoning designation of RD1.5-1. Built in 1960, the two-story building comprises a mix of 5 one-bedroom/one-bathroom units, 5 two-bedroom/one-bathroom units, and 1 two-bedroom/one-and-a-half-bathroom unit. Ample parking is available with approximately 16 spaces. The asking price is $4,000,000, translating to a price per unit of $363,636 and a land value of $449 per square foot. The property offers a compelling 4.51% cap rate, presenting a strong return on investment. The property is subject to Rent Stabilization Ordinance (RSO) regulations per Zimas. This well-maintained building presents a rare opportunity to acquire a multifamily property in a highly sought-after Sherman Oaks location. The property's strong cash flow potential and stable tenant base make it an ideal addition to any investment portfolio. The APN is 2276-011-007.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1509

Longitude

-118.458

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