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SOLD 9/9/2021

4617 Willis Avenue, Sherman Oaks, CA 91403$14,600,000

12
beds
10
baths
41756
ft2
· 41552
ft2 lot
$341 / ft2

Listing provided courtesy of Listing Broker: Brett Sanson, Marcus & Millichap
Source CRMLS;
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The Esplanade Apartments is a very rare opportunity to own a larger, extremely well-located asset that has very spacious Condo-Like Units. The property has been in the same family over 30 years and current ownership has nicely renovated approximately half of the units. The property has a variety of very spacious floorplans with the unit types as follows: Sixteen One Bedroom/One Baths, Sixteen Two Bedroom/Two Bath, Two Three Bedroom/Two Baths and Two Three Bedroom/Three Bath Units. All units feature Central A/C & Heat. The property also has a very nice pool & courtyard area, nicely landscaped grounds, intercom entrance, on-site laundry and gated parking (53 Spaces). Please contact Listing Agents for Marketing Package.

HOA

$—/month

On market

24 days

Year built

1964

Property type

Multi-Family

Parking

MLS

21766472

Price / Sq.Ft.

$341 / ft2

Status

Closed

Home details for 4617 Willis Avenue

Interior Features & Layout
Appliances
•   
Appliances: Dishwasher
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 41756.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Gated, Covered
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.9500
•   
Lot Size Area: 41552.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 38
Property Features
•   
Pool Details: Community
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 881614.00
•   
Total Expenses: 384718.00
•   
Gross Multiplier: 15.40
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 925488.00
•   
Tax Year: 2020
•   
Taxes: 56493.0
Lease Info
•   
Net Operating Income: 496896.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 3
•   
Unit 3 Actual Rent: 3712.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 3712.00
Unit 2 Information
•   
Unit 2 Actual Rent: 34811.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 16
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 34811.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 18
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 31751.00
•   
Unit 1 Total Rent: 31751.00
Unit 4 Information
•   
Unit 4 Actual Rent: 3350.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 3350.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 3
Unit 5 Information
•   
Unit 5 Actual Rent: 3500.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 3500.00
•   
Unit 5 Bathrooms: 3
•   
Unit 5 Bedrooms: 3
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Ventura Blvd, Turn North on Willis Ave.
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 25
•   
Cdom: 25

Neighborhood snapshot

34
Properties for sale
10
Median days on market
$607.15
Median sold price/sqft
102.21%
Sold/List %
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Property History for 4617 Willis Avenue

09/09/2021
09/09/2021
Public Record
sold
Public Record
$14,600,000
+2.46%
09/09/2021
09/09/2021
CRMLS #21766472
sold
CRMLS #21766472
$14,250,000
08/23/2021
08/23/2021
CRMLS #21766472
pending
CRMLS #21766472
$14,250,000
07/29/2021
07/29/2021
CRMLS #21766472
active
CRMLS #21766472
$14,250,000
+4332.35%
10/02/1969
10/02/1969
Public Record
sold
Public Record
$321,500

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