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5542 Hazeltine Ave, Sherman Oaks, CA 91401
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5542 Hazeltine Ave Sherman Oaks, CA 91401

$1,715,000 Sold Price as of 08/16/2023
  • 7 Beds
  • 6 Baths
  • 3,661 Sq.Ft.
Sold
$1,715,000 Sold Price as of 08/16/2023 Refinance Your Mortgage
Map preview of 5542 Hazeltine Ave, Sherman Oaks, CA 91401

Property Overview: 5542 Hazeltine Ave Sherman Oaks, CA has 7 bedrooms, 6 bathrooms, 3,661 living square feet and 5,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of one 1+1 unit, four 1+1 w/ Loft units, and one 2+1 SFR. The investment consists of approximately 3,661 of rentable square feet and is situated on an approximately 5,253 square foot parcel. The 2+1 SFR was constructed in 1941, while the five rear 1+1 units were constructed in 1983. Recent property upgrades include, new exterior lighting, new exterior paint, new exterior building and unit numbers, new parking gates, new surveillance system, and five of the units being recently renovated. The building amenities include on-site parking for six cars and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is not subject to the Los Angeles Soft-Story Retrofit Program.

Listed by Griffin White | BRE #02031785 | BRC Advisors- BH
Last checked: 5 minutes ago | Last updated: August 17th, 2023 | Source CRMLS | DOM: 122

Home details

Lot Sq. Ft
5,253
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23245017
City
Sherman Oaks
County
Los Angeles
Time on Site
418 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $2,096
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,060
  • Total Rent: $2,060
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,874
  • Total Rent: $1,874
  • Pro Forma/Market Rent: $2,666
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $2,096
  • Pro Forma/Market Rent: $2,096
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.68%
  • Gross Rent Multiplier: 12.67
  • Gross Scheduled Income: --
  • Net Operating Income: $97,906
  • Gross Operating Income: $133,412
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5542 Hazeltine Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Property Information
  • Total # of Units: 6
  • Parcel Number: 2247008032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located in the City of Sherman Oaks. The property is situated south of Burbank Boulevard, North of Chandler Boulevard, West of Woodman Avenue and East of Van Nuys Boulevard.
View more facts & features

Local Sherman Oaks Agent

Sale History for 5542 Hazeltine Ave

Last sold for $1,715,000 on August 16th, 2023

  • August, 2023

  • Aug 16, 2023

    Date

    Sold

    CRMLS: 23245017

    $1,715,000

    Price

  • Feb 24, 2023

    Date

    Active

    CRMLS: 23245017

    $1,725,000

    Price

  • August, 2022

  • Aug 3, 2022

    Date

    Canceled

    CRMLS: 22155755

    $2,000,000

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: 22155755

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this six unit investment opportunity, located in the City of Sherman Oaks. The unit mix consists of one 1+1 unit, four 1+1 w/ Loft units, and one 2+1 SFR. The investment consists of approximately 3,661 of rentable square feet and is situated on an approximately 5,253 square foot parcel. Recent property upgrades include, new exterior lighting, new exterior paint, new exterior building and unit numbers, new parking gates, new surveillance system, and five of the units bein recently renovated. The building amenities include on-site parking for six cars and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is not subject to the Los Angeles Soft-Story Retrofit Program.

  • May, 2018

  • May 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • February, 2012

  • Feb 29, 2012

    Date

    Sold (Public Records)

    Public Records

    $835,000

    Price

Show More

Tax History for 5542 Hazeltine Ave

Assessed Value (2020): $1,593,786
Year Land Value Improved Value Assessed Value
2020 $955,087 $638,699 $1,593,786

Home Value Compared to the Market

This property vs the competition

5542 Hazeltine Ave sold on August 16, 2023 for 24.55% higher than the current median sold price for the city of Sherman Oaks which is $1,385,000. The median sold price per/sqft for Sherman Oaks is $726 and this home is sold at $471.18 per/sqft which puts the price per square foot 35.1% lower than the current median sale per square foot for the city of Sherman Oaks.

About 5542 Hazeltine Ave

Detailed summary of property

5542 Hazeltine Ave is a multi family that recently sold in Sherman Oaks, CA 91401. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 3,661 living square feet, and sits on an approximately 5,253 square foot lot. 5542 Hazeltine Ave was first listed on ArdentRealEstateGroup.com on February 25, 2023. The homeowner sold the property for $1,715,000. Home in Sherman Oaks are selling for a median price of $1,385,000 and a median price per square foot of $726. Based on Ardent Real Estate Group's Sherman Oaks Market Data, this home is sold 24.55% higher than the current median priced home. Local homes that are currently for sale include 1140 S Shenandoah St, 6918 Willoughby Ave and 10596 Ayres Ave. While the average home in Sherman Oaks, CA is selling in 72 days, 5542 Hazeltine Ave has a days on market of 122 days. There are currently 233 homes for sale in the Sherman Oaks real estate market and 161 of them are single family homes while 59 of them are condos and 13 are townhomes. For more information on this home for sale at 5542 Hazeltine Ave Sherman Oaks, CA 91401 contact Ardent Real Estate Group and we will put you in touch with one of our Sherman Oaks agents.

Public Facts for 5542 Hazeltine Ave

Public county record property details
Beds
7
Baths
6
Year built
1941
Sq. Ft.
3,661
Lot Size
5,252
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
2247-008-032

The source for these homes facts are from public records.

91401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$655
Total Inventory
59
Median Sale to List Price %
94.25%
Avg Days on Market
22
Loan Type
Conventional (29.41%), FHA (0%), VA (0%), Cash (17.65%), Other (5.88%)

Thinking of Selling?

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Recently Sold Homes Near 5542 Hazeltine Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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