14258 Dickens Street presents an 11-unit multifamily investment opportunity featuring a well-maintained mid-1950s apartment building with solid structural fundamentals and clear repositioning potential.The property generates stable in-place income at an 11.87 GRM and 4.55% cap rate, equating to approximately $250,000 per unit and $503 per square foot.Significant upside exists through the implementation of a strategic renovation program focused on upgrading interior finishes and modernizing units while preserving the building's character. The asset offers a straightforward value-add opportunity through interior improvements and rent optimization in a consistently strong rental submarket.
Listing agents:
David Miller
License #02105346
Miller & Desatnik Realty Co.
Errol Spiro
License #00893163
Miller & Desatnik Realty Co.
14258 Dickens is a Residential Income property located in Sherman Oaks, California, featuring a 0.248 acre lot, 5,464 sqft, 3 bedrooms, MLS #26653655.