14065 Moorpark Street
Sherman Oaks, CA 91423
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1956 build
- – on site
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 37% 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.
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Last updated Jan 24, 2025
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MLS# 25484527 —
The Building
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Year Built:1956
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:20182.00
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Total Number Of Units:30
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# of Buildings:1
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Foundation:Raised
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Moorpark & Hazeltine
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Latitude:34.15078100
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Longitude:-118.43954600
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:23882.0000
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Lot Size Acres:0.5483
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Lot Size SqFt:23882.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2271013007
Heating & Cooling
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Heating:1
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Heating:Floor Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
|
Listed / Active | CRMLS_CA | $7,350,000 | |
|
9/24/24
Sep 24, 2024
|
Price Changed | CRMLS_CA | ||
|
6/17/24
Jun 17, 2024
|
Listed / Active | CRMLS_CA |
