15050 Moorpark St Sherman Oaks, CA 91403-2449
Property profile & analytics
15050 Moorpark St Sherman Oaks, CA 91403-2449
- Apartment buildings
- 19,482 SF
- 0.41 lot acres
Property ID
US09-8131574
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CHI Insulation Sherman Oaks / General Contractor / Renovation Specialist
- Seffavi / Corporate Office
Property Details for 15050 Moorpark St
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.41 lot acres
- Property size
- 19,482 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2264-016-050
- APU
- 2264016050
Description
This exceptional 25-unit apartment building presents a compelling value-add investment opportunity in the desirable Sherman Oaks neighborhood of Los Angeles, California. Located at 15050 Moorpark Street, this two-story, garden-style building, constructed in 1984, sits on a 17,666 square foot lot and encompasses 19,482 square feet. The property features a mix of 24 one-bedroom, one-and-a-half-bathroom units and one two-bedroom, one-and-a-half-bathroom unit. Amenities include a semi-subterranean parking garage with 36 spaces, an interior courtyard with a spa, in-unit fireplaces, and a shared laundry facility. The building offers gated access and central air conditioning. Currently, rents reflect a significant loss-to-lease, presenting a substantial opportunity for increased revenue through renovations and market-rate adjustments. The property's prime location, just north of Ventura Boulevard, provides easy access to shopping, dining, and entertainment options, as well as major freeways (101 and 405), connecting residents to key employment centers in the San Fernando Valley. The asking price is $7,950,000, representing a price per unit of $318,000, a price per square foot of $408.07, a current NOI of $411,387, and a pro-forma NOI of $526,185. The property's current cap rate is 5.17%, with a pro-forma cap rate of 6.62%. The property is offered fee simple. This is a rare opportunity to acquire a non-rent-controlled asset in a highly sought-after location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sherman Oaks
- County
- Los Angeles
- State
- California
- Longitude
- -118.461
- Latitude
- 34.1537
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$42,063
$977,323
$2,271,113
$3,248,436
-
$0.00
$0.00
$0.00
