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+16615447793
Ilma's Inc.
13042 Riverside Dr, Sherman Oaks, CA 91423
- $3,332,000
- Sold Price
- $3,332,000
- List Price
- $4,200,000
- Closing Date
- Dec 12, 2025
- Status
- CLOSED
- MLS#
- SR25208443
- Year Built
- 1986
- Lot Size
- 8,401
- Acres
- 0.19
- Lot Location
- Near Public Transit
- Days on Market
- 76
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
Property Description
We are pleased to present 13042 Riverside Drive, built in 1986, an 11-unit multifamily asset in the heart of Sherman Oaks, one of Los Angeles’ most desirable rental markets. Featuring an attractive unit mix that promotes stable occupancy and low turnover, the property represents a true value-add opportunity with immediate cash flow and significant upside through strategic renovations. Its premier location—just minutes from Ventura Boulevard, the 101 and 405 freeways, and within walking distance to Westfield Fashion Square, boutique retail, trendy dining, and entertainment options—creates a highly attractive lifestyle for tenants. Combined with proximity to some of the area’s top private and charter schools, this positioning ensures enduring demand and long-term appreciation. This rare offering brings together stability, growth potential, and lifestyle appeal, making it a compelling acquisition for investors seeking both security and upside in a supply-constrained submarket.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 20
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $340,027
- Operating Expense
- 113056
Listing courtesy of Listing Agent: Akash Saini (Akash@thecommercialbroker.com) from Listing Office: Keller Williams Realty Calabasas.
Listing sold by Akash Saini from Keller Williams Realty Calabasas
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.