REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,490,000
Est. payment /mo
New
14065 Moorpark ST Sherman Oaks, CA 91423
19 Beds
30 Baths
20,182 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 20,182 sqft
Price per Sqft $371
MLS Listing ID 26994093
Bedrooms 19
HOA Y/N No
Year Built 1956
Lot Size 0.548 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Garage
Pool In Ground
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2271013007
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352