13573 Moorpark Street, Sherman Oaks, California 91423, Sherman Oaks, 91423 - bed, bath

13573 Moorpark Street, Sherman Oaks, California 91423 home-pic-0
ACTIVE$2,199,000
13573 Moorpark Street, Sherman Oaks, California 91423
0Bed
0Bath
3,132Sqft
10,470Lot
Year Built
1948
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
GD25085872
Home ConditionExcellent
Features
Good View: Peek-A-Boo
Deck
Patio
ViewPeek-A-Boo

About this home

We found 3 Cons,6 Pros. Rank: price - $2.20M(50th), sqft - 3132(50th), beds - undefined(50th), baths - undefined(50th).

Proudly presenting The Moorpark West, a fully occupied and Entirely Reimagined Character 4 unit in the heart of Sherman Oaks, one block away / walking distance to Ventura Blvd, situated on an expansive 10,500sqft Lot with endless possibilities. Perfect option for an Owner/User to live in the unit of their choice, while generating rental income from 3 additional units. All 4 units are 2BD/1BA, turn-key and have been remodeled, highlighting wood floors, Central HVAC, Custom Chef's kitchen w/ Stainless Appliances and Washer/Dryers in each unit. Some of the many upgrades include newer windows, copper plumbing/waste lines, recessed lighting, and updated kitchens and bathrooms. Both ground level units have their own private patios, while the upstairs units feature spacious balconies with lots of natural light. The parking is incredible, offering 8 spaces, including Two (2) Two Car Detached garages, which can also be converted to additional units, up to 4 ADUs per SB1211, buyer to confirm w/ City. Owner’s unit, along with 2 of the 4 units, and both garages, can be delivered vacant at close of escrow. Low Cost of Maintenance and Ease Of Management, The Moorpark West offers an investor or owner/user to take over an exceptional, low-maintenance asset. In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, The Moopark West stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential.

Nearby schools

9/10
Kester Avenue Elementary School
Public,K-52.0mi
6/10
Erwin Elementary School
Public,K-52.3mi
6/10
John B. Monlux Elementary School
Public,K-52.4mi
9/10
Roscomare Road Elementary School
Public,K-52.9mi
8/10
Lanai Road Elementary School
Public,K-53.6mi
9/10
Warner Avenue Elementary School
Public,K-55.6mi
2/10
Van Nuys Middle School
Public,6-81.8mi
6/10
Walter Reed Middle School
Public,6-82.5mi
5/10
James Madison Middle School
Public,6-83.3mi
5/10
William Mulholland Middle School
Public,6-85.1mi
3/10
William Mulholland Middle School
Public,6-85.3mi
6/10
Ulysses S. Grant Senior High School
Public,9-122.0mi
8/10
North Hollywood Senior High School
Public,9-122.6mi
6/10
Van Nuys Senior High School
Public,9-123.1mi
6/10
University Senior High School
Public,9-127.5mi
6/10
University Senior High School Charter
Public,9-127.5mi
Condition Rating
Excellent

Despite being built in 1948, the property has been 'Entirely Reimagined' and 'fully remodeled' with all four units described as 'turn-key.' The listing highlights 'Custom Chef's kitchen w/ Stainless Appliances,' 'updated kitchens and bathrooms,' 'wood floors,' 'Central HVAC,' 'newer windows,' 'copper plumbing/waste lines,' and 'recessed lighting.' These extensive and recent upgrades indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons

Pros

Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Prime Location: Situated in the heart of Sherman Oaks, one block away and walking distance to Ventura Blvd, offering excellent accessibility and desirability.
Turnkey & Modernized Units: All four 2BD/1BA units are fully remodeled with high-end finishes, including Central HVAC, custom chef's kitchens with stainless appliances, in-unit washer/dryers, and wood floors.
Strong Income & Owner/User Flexibility: The property is fully occupied, generating immediate rental income, with the added flexibility of the owner's unit and two additional units deliverable vacant at close of escrow.
Significant Development Potential: An expansive 10,500 sqft lot offers ample space, 8 parking spots, and the potential to convert two detached 2-car garages into up to 4 additional ADUs (buyer to confirm).
Low Maintenance Asset: Extensive upgrades such as newer windows, copper plumbing/waste lines, and updated systems contribute to a low-maintenance property, reducing future capital expenditures.

Cons

Original Construction Age: Despite extensive remodels, the property was originally built in 1948, which may imply potential for underlying structural or systemic issues not addressed by cosmetic upgrades.
ADU Conversion Uncertainty: The potential for ADU conversion is explicitly stated as 'buyer to confirm w/ City,' indicating that this is not a guaranteed feature and requires significant due diligence and investment.
Limited View Quality: The property offers a 'Peek-A-Boo' view, suggesting a partial or obstructed perspective rather than a full, desirable panoramic vista that could significantly enhance property value.

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