4421 Murietta Avenue

Sherman Oaks, CA 91423

$6,995,000
Price
40
Beds
24
Baths
19,660 Sq. Ft.
$356 / Sq. Ft.
19,660
Sq. Ft.
$356
per Sq. Ft.

Description

4421-4427 Murietta Avenue, commonly known as the Santorini Villas, is a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal mid-century gem ideally positioned just...4421-4427 Murietta Avenue, commonly known as the Santorini Villas, is a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal mid-century gem ideally positioned just steps from vibrant Ventura Blvd. The Santorini Villas feature a unit mix of (16) 2-bedroom, 1-bathroom units and (8) 1-bedroom, 1-bathroom units. Interiors have hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, and are separately metered for gas and electricity. Other property features include a well landscaped courtyard, a large sparkling pool, copper plumbing, an intercom entrance, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of the Valley's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 4421 Murietta Avenue

Zoning
LAR3
Parcel Number
2271013011
Total Units
24.0
Living Area
19660
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
2 units
Lot Size Area
24752
LISTING UPDATED: 11/20/2024 12:01 AM

Property Details for 4421 Murietta Avenue

StatusActive
MLS #24-462691
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.57 AC / 24,752 SF
CountyLos Angeles County

Building Information for 4421 Murietta Avenue

Stories2Residences-Year Built1955Building Size-Lot Size0.57 AC / 24,752 SF

Property Information for 4421 Murietta Avenue

Community / Development
Community / Development
  • Number Of Units: 24
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 2s,1s
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $574,497
  • Net Operating Income: $329,881.00
  • Gross Income: $550,424
  • Gross Rent Multiplier: $12.18
  • Total Annual Expense: 228103
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5682
  • Lot Size Square Feet: 24752
  • Lot Size Dimensions: 50x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 24
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,010.00
  • Unit Actual Rent: $32,162.00
  • Unit Projected Rent: $41,520.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,713.00
  • Unit Actual Rent: $13,707.00
  • Unit Projected Rent: $17,560.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,662,425.00
  • Assessed Improvement Percent: 30.34
  • Assessed Land Value: $3,817,426.00
  • Assessed Land Percent: 69.66
  • Assessed Total Value: $5,479,851.00

Property History for 4421 Murietta Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4421 Murietta Avenue

Taxable ValueLand$3,893,774Additions$1,705,373Total$5,599,147
Tax Record2024$70,422 ($5,869 / month)
Home Facts
Total Finished SqFt19,660 SqFtAbove Grade Finished SqFt19,660 SqFtLot Size24,744 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN2271-013-011

Schools near 4421 Murietta Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Charter - 6 to 8
Public - 9 to 12
Rating
School
Distance
Dixie Canyon Community Charter School
CharterK to 5

Van Nuys Middle School
Public6 to 8

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4421 Murietta Avenue is a multi-family home for sale in Sherman Oaks, CA 91423. This property was listed for sale on November 12, 2024 by Remax Commercial and Investment Realty, it's currently listed at $6,995,000. It has been on the market for a total of 40 days and was last sold on April 14, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Dixie Canyon Community Charter School, Van Nuys Middle School and Louis D. Armstrong Middle School. 4421 Murietta Avenue is a 40-bed, 24-bath, 19,660 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.