4553 Willis Avenue is a terrific 21 apartment building perfectly located just moments away from the bustling Ventura Boulevard which provides residents with immediate access to an array of dining, shopping, and entertainment options. The thoughtfully designed units, consisting of 1 Single + One Bath Unit, 19 One Bedroom + One Bath Units, and 1 Two Bedroom + Two Bath Unit, offer spacious layouts with amenities such as central air conditioning, dishwashers, patio/balconies, elevator, and covered parking. Moreover, with easy access to major freeways like the 101 and I-405, commuting throughout Los Angeles is a breeze, making it an ideal choice for professionals and families alike. The combination of its prime location and well-appointed units makes 4553 Willis Avenue a truly outstanding place to call home, offering a rare opportunity for comfortable, high-quality living in one of LA's most desirable neighborhoods. This is a rare opportunity for an investor to purchase a great multifamily property in a highly sought after Sherman Oaks location.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 22
- Full Bathrooms: 22
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
Land Info
- Lot Size Acres: 0.3856979
- Lot Size Source: Assessor
- Lot Size Square Feet: 16801
Garage and Parking
- Garage Description: Controlled Entrance, Gated
- Parking Total: 28
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 21
- Unit Type: Apartments
- Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 1300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1715, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 2381
Rental Info
- Gross Scheduled Income: 439546
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 4.71
- Directions: 6 blocks west of Van Nuys Blvd. and 1/2 block north of Ventura Blvd.
- Source Property Type: Residential Income
- Area: Sherman Oaks
- Source Neighborhood: Sherman Oaks
- Parcel Number: 2264-017-035
- Zoning: LAR3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 248411
- Operating Expense: 191135
Building and Construction
- Total Square Feet Living: 17712
- Year Built: 1973
- Levels: Three Or More Levels
- Living Area Source: Assessor
- Property Age: 52
- Levels or Stories: 3
- Year Built Source: Assessor
Home Features
- Other Equipment: Dishwasher, Range/Oven