5551 Mammoth Avenue

Sherman Oaks, CA 91401

$1,695,000
Price
9
Beds
5
Baths
4,243 Sq. Ft.
$399 / Sq. Ft.
4,243
Sq. Ft.
$399
per Sq. Ft.

Description

Welcome to 5551 Mammoth Ave, an incredible investment opportunity nestled on a sunny corner lot near the highly desirable neighborhood of Sherman Oaks. This well-maintained five-unit apartment building exudes classic Southern California charm while featuring modern updates throughout. The property includes four garage spaces for ample parking and storage, along with a spacious yard beautifully landscaped with lush flora, creating a serene outdoor retreat. With stable rental income, low vacancy rates,...Welcome to 5551 Mammoth Ave, an incredible investment opportunity nestled on a sunny corner lot near the highly desirable neighborhood of Sherman Oaks. This well-maintained five-unit apartment building exudes classic Southern California charm while featuring modern updates throughout. The property includes four garage spaces for ample parking and storage, along with a spacious yard beautifully landscaped with lush flora, creating a serene outdoor retreat. With stable rental income, low vacancy rates, and strong growth potential, this turnkey property is ideal for investors seeking long-term appreciation in a prime Los Angeles location. Whether you're looking to live in one unit and rent out the others or to expand your investment portfolio, 5551 Mammoth Ave has it all.
  1. Listed by Erin Moore • DRE #01993735 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.
  2. Listed by Barry Moore • DRE #02227132 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.

Property Details for 5551 Mammoth Avenue

Zoning
LARD1.5
Parcel Number
2247002007
Total Units
5.0
Living Area
4243
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
0
Lot Size Area
8431
LISTING UPDATED: 09/24/2024 03:09 PM

Property Details for 5551 Mammoth Avenue

StatusActive
MLS #24-430555
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.19 AC / 8,431 SF
CountyLos Angeles County

Building Information for 5551 Mammoth Avenue

Stories2Residences-Year Built1947Building Size-Lot Size0.19 AC / 8,431 SF

Property Information for 5551 Mammoth Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $108,840
  • Net Operating Income: $73,275.00
  • Gross Income: $108,840
  • Gross Rent Multiplier: $18.00
  • Total Annual Expense: 35565
  • Water Expense: $9,600.00
  • Expense Pest: $900.00
  • Tax Expense: $10,952
  • Gardener Expense: $7,200
  • Insurance Expense: $3,913
  • Expense Operating: $3,000.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1935
  • Lot Size Square Feet: 8431
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 4
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Dishwasher, Refrigerator, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $2,013.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,389.00
  • Unit Actual Rent: $1,389.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $334,362.00
  • Assessed Improvement Percent: 40.25
  • Assessed Land Value: $496,275.00
  • Assessed Land Percent: 59.75
  • Assessed Total Value: $830,637.00

Property History for 5551 Mammoth 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 5551 Mammoth Avenue

Taxable ValueLand$506,200Additions$342,699Total$848,899
Tax Record2024$11,154 ($930 / month)
Home Facts
Total Finished SqFt4,243 SqFtAbove Grade Finished SqFt4,243 SqFtLot Size8,429 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLARD1.5CountyLOS ANGELESAPN2247-002-007

Schools near 5551 Mammoth Avenue

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

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

High Tech LA Middle
Charter6 to 8

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.

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5551 Mammoth Avenue is a multi-family home for sale in Sherman Oaks, CA 91401. This property was listed for sale on August 24, 2024 by Douglas Elliman of California, Inc., it's currently listed at $1,695,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Chandler Elementary, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. 5551 Mammoth Avenue is a 9-bed, 5-bath, 4,243 sqft multi-family home built in 1947.

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 Douglas Elliman of California, Inc., Erin Moore, DRE #01993735; Douglas Elliman of California, Inc., Barry Moore, DRE #02227132

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.