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4189 Greenbush Ave
Sherman Oaks, CA 91423 Sherman Oaks

$1,850,000 USD

Multifamily For Sale  •  3,707 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 3,707 SF
  • Lot Size 0.22 AC
  • Year Built 1925
  • Cap Rate 4.12 %
  • Zoning RD1.5
43 Transit Score
86 Walk Score

Highlights

Two separate buildings on a single oversized parcel, including a 3-unit structure built in 1925 and a second 3-unit structure built in 1984
Located within walking distance to Ventura Boulevard’s most popular dining and lifestyle amenities incl. Homestate, Petit Trois, Sushi Note, Mistral
Strong underlying real estate fundamentals supported by median single-family home values exceeding $1.5 million in Sherman Oaks
Excellent regional connectivity with immediate access to both the US-101 Freeway and I-405 Freeway
Exceptional local demographics with an average household income of approximately $139,256 within one mile of the property
In-place rents are below market, offering over 20% rental upside through turnover and systematic rent increases

Property Flyers

Financial Summary (Actual)

Net Operating Income: $76,257 USD (2025)
Cap Rate: 4.12 %
Total Expenses: $55,380 USD

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.9 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 8.4 mi
AirportDriveWalkDistance
Bob Hope 14 min - 8.1 mi
Los Angeles International 28 min - 20.0 mi
Long Beach (Daugherty Field) 47 min - 37.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Andrew Leff 818-939-4058 The CREM Group
Andrew Leff 818-939-4058 The CREM Group