14065 Moorpark Street, Sherman Oaks, CA 91423 - Berkshire Hathaway HomeServices California Properties

14065 Moorpark Street, Sherman Oaks, CA 91423

$7,350,000 Approx. USD 28 beds, 30 baths
20,182 sqft

Listing Agent


Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap

Co Listing Agent


Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to exclusively present Park Seville, a rare 30-unit value-add opportunity located at 14065 Moorpark Street in the heart of Sherman Oaks, California. This mid-century gem offers a compelling investment opportunity in one of the most desirable neighborhoods of the San Fernando Valley.Park Seville is a two-story, walk-up building situated on a 23,882-square-foot lot. It features an appealing unit mix of 11 studio units, ten one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units, designed with efficient layouts to cater to the local renting community. Thoughtfully maintained by current ownership, which includes the original developer, upgrades include copper re-piping, new electrical subpanels, and select unit enhancements upon turnover. As units turn over, investors can capture an estimated 33% upside potential in rents by implementing high-end finishes sought after by modern Sherman Oaks renters. The property also maintains an expansive interior courtyard with a pool, an on-site shared laundry facility, and secured garage parking for 22 of the 30 units eight of the studio units are not provided with a parking space.The property's prime location just steps from Ventura Boulevard positions it near Los Angeles' most iconic retail and dining establishments, including Sherman Oaks Galleria, Westfield Fashion Square, and Castle Park. The area is also home to various top-tier schools such as Harvard-Westlake, Notre Dame, and Buckley. Furthermore, the surrounding region has undergone transformative developments, such as IMT Residential's nearby project, IMT Sunkist. Also known as Citrus Commons, the development is anticipated to deliver 249 residential units and 27,000 square feet of retail space, a project amid many others that greatly reinforce institutional confidence in Sherman Oaks.Park Seville represents a unique chance to create a premier luxury community in a highly coveted Los Angeles rental submarket, offering significant upside potential and long-term value for savvy investors.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25484527
Price: $7,350,000
Beds: 28
Baths: 30
Built in 1956
20,182 sqft
2 stories
0.55 acres
Lot size: 0.5483
County: Los Angeles
Zoning: LAR3
Construction: Stucco
Parking description: Covered
Heating description: Floor Furnace
MLS area: SO - Sherman Oaks

Last Updated: 2/7/2025

 Days On Market (DOM): 179

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This listing belongs to the SO - Sherman Oaks MLS area

Lat/Long: 34.150781, -118.439546.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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