$7,490,000
Sherman Oaks, CA 91423
19
Beds
30
Baths
20,182
Sq. Ft.
1956
Year Built
Los Angeles
County
ResidentialIncome
Property Type
We are pleased to present Park Seville Apartments, a 30-unit apartment community at 14065 Moorpark St in Sherman Oaks, one block north of Ventura Blvd. The two-story courtyard building was completed in 1956 and holds eleven singles, ten one bedroom and nine two bedroom units, 20,182 gross square feet on a 23,875 square foot lot. The units wrap a landscaped interior courtyard with a pool, and the building has an entry lobby, an on-site coin laundry and garage parking on the rear drive.The investment case is rent growth on turnover with the seismic work already done. Scheduled rent of $657,436 grows to $804,600 at market, about 22% upside. The Chapter 93 soft-story retrofit received its Certificate of Compliance on May 29, 2026, and the building has been updated with circuit breakers (2015) and a new common-area water heater (2022).The property is fully occupied on the September 2026 rent roll. Six units have leased since February 2026, including four two bedrooms at $2,395 to $2,695 a month, and the two bedroom market rent is the $2,695 August 2026 lease. The offering fits value-add operators and 1031 buyers looking for scale in a core Valley submarket.The property sits on Moorpark St at Hazeltine Ave, about 500 feet north of Ventura Blvd, the Valley's main dining, retail and office corridor. Westfield Fashion Square is 0.45 miles north on Riverside Dr. Walk Score rates the block 87.The Ventura Freeway (101) runs a few blocks north of the property, and its interchange with the San Diego Freeway (405) puts the Westside and downtown within reach. Sherman Oaks Hospital is 0.85 miles northwest, and Van Nuys Sherman Oaks Park is 0.66 miles away. Sherman Oaks Galleria is 1.6 miles west.Notre Dame High School and The Buckley School are each 0.8 miles away, and Harvard- Westlake is 1.7 miles southeast. Universal Studios Hollywood is 5.0 miles east and Warner Bros. Studios 5.7 miles east, anchoring the entertainment employment base that drives rental demand in Sherman Oaks. updated with circuit breakers (2015) and a new common-area water heater (2022). market rent is the $2,695 August 2026 lease. The offering fits value-add operators and 1031 buyers looking for scale in a core Valley submarket.
$39,865/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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