5170 Columbus Avenue

Sherman Oaks, CA 91403

$2,490,000
Price
8
Beds
9
Baths
4,821 Sq. Ft.
$516 / Sq. Ft.
4,821
Sq. Ft.
$516
per Sq. Ft.

Description

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...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.
  1. Listed by Brett Sanson • DRE #01387480 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 5170 Columbus Avenue

Zoning
LAR3
Parcel Number
2263003001
Total Units
8.0
Living Area
4821
Source Living Area
Assessor
Area
Sherman Oaks (SO)
Vacancy Rate
1
Lot Size Area
6254
LISTING UPDATED: 08/16/2024 07:17 AM

Property Details for 5170 Columbus Avenue

StatusActive
MLS #24-428565
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.14 AC / 6,254 SF
CountyLos Angeles County

Building Information for 5170 Columbus Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.14 AC / 6,254 SF

Property Information for 5170 Columbus Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $149,981
  • Net Operating Income: $94,839.00
  • Gross Income: $154,620
  • Cap Rate: 3.81%
  • Gross Rent Multiplier: $16.10
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 55622
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1436
  • Lot Size Square Feet: 6254
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 7
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Wall/Window
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-16-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,122.00
  • Unit Actual Rent: $2,225.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,849.00
  • Unit Actual Rent: $7,395.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,633.00
  • Unit Actual Rent: $3,265.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,104,367.00
  • Assessed Improvement Percent: 60.06
  • Assessed Land Value: $734,457.00
  • Assessed Land Percent: 39.94
  • Assessed Total Value: $1,838,824.00

Property History for 5170 Columbus 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 5170 Columbus Avenue

Taxable ValueLand$749,146Additions$1,128,254Total$1,877,400
Tax Record2024$23,657 ($1,971 / month)
Home Facts
Total Finished SqFt4,821 SqFtAbove Grade Finished SqFt4,821 SqFtLot Size6,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN2263-003-001

Schools near 5170 Columbus Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Kester Avenue Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5170 Columbus Avenue is a multi-family home for sale in Sherman Oaks, CA 91403. This property was listed for sale on August 15, 2024 by Marcus & Millichap, it's currently listed at $2,490,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Kester Avenue Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 5170 Columbus Avenue is a 8-bed, 9-bath, 4,821 sqft multi-family home built in 1956.

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 Marcus & Millichap, Brett Sanson, DRE #01387480

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.