14746 Albers Street, Sherman Oaks, CA 91411 – Transaction Details
Date: January 17, 2020
Property Type: 5 Bedroom, 2.75 Bathroom, 2,205 Square Foot Single Family Home
Sale Price: $1,305,000.00
Year Built: 1948
Description: Represented purchasers on a 1031 exchange with acquiring this recently renovated single family home with an accessory dwelling unit in a high-demand neighborhood of Sherman Oaks.
14746 Albers Street, Sherman Oaks, CA 91411 – Transaction Summary
Many people think the holiday season is a time of low supply that makes it difficult to find a new home. We see it as a time of low demand that makes an excellent buying opportunity. In this transaction, we assisted our clients with the purchase side of a 1031 exchange. While in the process of selling a property in Northern California, we began assisting our clients with searching through various neighborhoods in Los Angeles that matched their search criteria for another excellent investment property. Our buyers initially opened escrow on a property in Encino, but through our inspections and due diligence we determined that the property was unsuitable and was in need of significant repair. Our buyers cancelled that deal, likely saving themselves thousands of dollars and a huge headache. We then located this property in Sherman Oaks on Albers Street in the highly desirable Kester Avenue Elementary School district. The main home has four bedrooms and two bathrooms on 1,755 square feet. The property was entirely remodeled within the past five years – new roof, HVAC system, water heaters, plumbing, electrical work, and more. The remodel was completed for the owner occupants, which is always a good sign for quality of craftsmanship. The property also contained a separate accessory dwelling unit, adding another bedroom, bathroom, and kitchen on 450 square feet, which adds even more investment potential to the property. Our clients can now rest assured that they obtained a great property, in a great neighborhood with excellent investment and income potential, and with minimal headache.
Additional information and pictures can be found here.
For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or firstname.lastname@example.org.