$1,399,500
An exceptionally well kept low-maintenance five-unit apartment building in the heart of Sherman Oaks. Recent capital improvements—new roof installed in 2025, new security electric gate and updated security cameras-enhance the property’s durability, efficiency, and overall tenant peace of mind. The building offers a desirable unit mix of one 2BR/1BA and four 1BR/1BA units. Each residence includes a large private patio, the signature feature that inspired the building’s name, Patio Apts. All units are currently occupied by single tenants, providing stable and consistent income. Residents enjoy convenient on-site amenities, including a dedicated laundry room, owner’s storage, and five covered parking spaces, each with its own tenant storage compartment. The location delivers strong long-term rental appeal. The property is within walking distance of Los Angeles Valley College, approximately one mile from the Sherman Oaks Galleria, and close to the newly developed NOHO West Shopping Center. Transit access is excellent, with the Orange Line nearby and quick connections to the 170, 101, and I-5 freeways. Coldwater Canyon provides a direct route over the hill to Beverly Hills and West Los Angeles. A rare opportunity to acquire a stable, well-maintained asset in one of the Valley’s most consistently high-demand rental pockets.
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Listed by Juan Berrio with Judd Matsunaga (310) 348-7235
Property Type
Mixed Use
Status
Active
MLS Number
SR26046556
Year Built
1953
Lot Size
9,701 sq ft