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4343 VENTURA CANYON Avenue, Sherman Oaks, CA 91423

Property Details

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4343 VENTURA CANYON Avenue
Sherman Oaks, CA 91423

In Escrow / Under Contract: $7,300,000

Property Type: Commercial Apartments
MLS#: 19420320

  • Building Size: 16260 SF
  • Lot Size: 13068 SF
  • Number of Units: 15
  • Year Built: 1997
  • Days on market: 73
  • Cap Rate: 4.89
  • Net Operating Income: $356,694
  • Gross Scheduled Income: $479,568
  • Rent Control: No
  • GRM: 14.77
  • Contact Listing Agent Direct:
  • Jeanette Monfared, Marcus & Millichap


Property Description

Portofino Apartments, luxury Non Rent Controlled multi-family asset completed in 1997 in the most desirable ShermanOaks submarket of the San Fernando Valley on Ventura Canyon Avenue. Located on a quiet street just north of Ventura Boulevard between Woodman Avenue and Coldwater Canyon Boulevard, this project has been enhanced with distinctive features catering to today's renter's requirements. There are seven Penthouse units with lofts and eight units with private patios opening to walkways with lush landscaping. Apartment units offer spacious rooms, walk-in closets, dining area, private laundry facilities, high ceilings, private roof-top decks in penthouse units, large balconies and patios, oversize windows, and spectacular skyline views. The excellent unit mix includes 13 two-bedroom/two-bathroom, 1 one-bedroom/one-bathroom, and 1 studio/one-bathroom units averaging 1,084-square feet of space commanding high rents.


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4343 VENTURA CANYON Avenue, Sherman Oaks, CA 91423

Based on information from California Regional Multiple Listing Service, Inc. as of February 4, 2019. 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.

Listing provided by: Jeanette Monfared, Marcus & Millichap

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