Residential Income In Sherman Oaks

This South of Ventura Blvd property presents an excellent opportunity for an investor or owner-user seeking a well-maintained three-unit property in a desirable Sherman Oaks location. The property features three separate, freestanding units with no common walls, offering privacy and flexibility. The property consists of two 2-bedroom, 1-bath units and one studio, with all three units currently occupied and generating a combined monthly rental income of $7,156. The total building area is approximately 2,484 square feet on a 6,726-square-foot lot. The front unit, located on Dickens Street, features two bedrooms, a den, one bath, a remodeled kitchen, and inside laundry, along with two driveway parking spaces. The middle unit also offers two bedrooms and one bath, a remodeled kitchen, inside laundry, and two-car tandem parking accessed from the alley. The rear unit is a freestanding studio with two-car tandem parking. All units are separately metered for gas and electric. The front and middle units have central air and heat, while the rear studio has a window air-conditioning unit. All three units have newer electrical panels, and the middle unit has a newer roof. Units one and three have newer water heaters. Ideally located south of Ventura Boulevard and west of Van Nuys Boulevard, this property offers convenient access to shopping, dining, entertainment, and transportation. A compelling opportunity to acquire a three-unit Sherman Oaks property with established rental income and valuable upside potential.