We are pleased to present 4528 Murietta Avenue, a 12-unit multifamily property located in the heart of Sherman Oaks. This property represents an exceptional opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only two blocks from Ventura Boulevard. 4528 Murietta Avenue has been well maintained and is an ideal choice for investors seeking approximately 45% in rental upside through an interior renovation program. Constructed in 1956, this two-story property comprises six 1-bedroom/1-bathroom units and six 2-bedroom/2-bathroom. Three of these units have undergone renovations featuring white shaker kitchen cabinetry, stone countertops, and updated bathrooms, while most units have received new vinyl plank or wood laminate flooring. Most of the remaining units have had kitchens renovated prior to current ownership. Five of the ground floor units feature private patios while the sixth has a private yard. All the second-floor units have a living room balcony. The floorplans for 1-bedroom and 2-bedroom units are identical and units are stacked allowing for efficient plumbing upgrades. All units are equipped with central HVAC, dishwashers, fireplaces and are individually metered for gas and electricity utilities. Currently there is one renovated 1-bedroom unit that is vacant and the potential for a 2-bedroom unit to be delivered vacant at the close of escrow. The property includes 16 parking spaces and an on-site laundry room. Capital expenditures have ensured the property's well-maintained condition, including horizontal copper piping, high quality vinyl patio enclosures, upgraded electrical panels, and seismic gas shut-off valves. Annual roof maintenance has been completed and an investor can expect an additional 10-years of roof life (Buyer to verify). 4528 Murietta Avenue is conveniently situated between Valleyheart Drive and Moorpark Street, with Hazeltine Avenue to the west and Woodman Avenue to the east. Residents have easy access to several nearby bus stops on Hazeltine Avenue, Moorpark Street, and Ventura Boulevard. Moreover, its proximity to Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units in one of the San Fernando Valley's most popular neighborhoods. For commuters, the property is within minutes from the Woodman Avenue and Van Nuys Boulevard on and off ramps to the 101 Freeway, allowing access throughout the San Fernando Valley and into the city of Los Angeles.
Property Details
Property Features
Property Information:
Year Built: 1956
Stories: 2
Living Area: 9,784 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Fireplace: Living Room
Bedroom and Bathroom Information:
Total Bedroom Count: 18
Exterior Features
Parking Information:
Parking: Covered, Carport, Uncovered
Lot Features
Lot Information:
Lot Size: 0.31 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Ulysses S. Grant Senior High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Robert A. Millikan Middle School, Public Charter Grades 6-8
Van Nuys Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Dixie Canyon Community Charter, Public Charter Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Head North on Hazeltine Avenue, turn right onto Milbank Street then turn left onto Murietta Avenue. The subject property is located in between Milbank Street and Valleyheart Drive.
Price Information
Listing Price Info
Price Summary:
List Price: $3,795,000
Price Per SqFt: $388/SqFt
Tax Information:
Annual Amount: $34,603
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.8M more than the Median Sold Price and $240/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24371343
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 3:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 06, 2006
Sep 06, 2006Home Sold
$2,000,000
Dec 20, 1994
Dec 20, 1994Home Sold
$232,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$34,603
$2,801,904
2020
$30,038
$2,450,125
2019
$29,725
$2,402,084
2018
$29,054
$2,354,986
2017
$29,054
$2,308,811
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Dixie Canyon Community Charter
4220 Dixie Canyon Ave
Distance between this listing and this school0.87 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.14 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.13 miles
Public Magnet Grades 1-5
Middle School
7
/10
Robert A. Millikan Middle School
5041 Sunnyslope Ave
Distance between this listing and this school0.89 miles
Public Charter Grades 6-8
4
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school1.32 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.00 miles
Public District Grades 6-8
High School
5
/10
Ulysses S. Grant Senior High School
13000 Oxnard St
Distance between this listing and this school2.11 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school4.49 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.22 miles
Public Magnet Grades 9-12
Assigned Schools
8
/10
Dixie Canyon Community Charter
4220 Dixie Canyon Ave
Distance between this listing and this school0.87 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.14 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.13 miles
Public Magnet Grades 1-5
Assigned Schools
7
/10
Robert A. Millikan Middle School
5041 Sunnyslope Ave
Distance between this listing and this school0.89 miles
Public Charter Grades 6-8
4
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school1.32 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.00 miles
Public District Grades 6-8
Assigned Schools
5
/10
Ulysses S. Grant Senior High School
13000 Oxnard St
Distance between this listing and this school2.11 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school4.49 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.22 miles
The neighbors living near this home have an average income of $58,256. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4528 Murietta Ave
What is the listing price of this property?
The listing price of 4528 Murietta Ave property is $3,795,000.
What type of property is this?
The property 4528 Murietta Ave is a house located in Sherman Oaks, California, 91423.
Is this property for sale now?
Active Listing: 4528 Murietta Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4528 Murietta Ave are: Dixie Canyon Community Charter: GreatSchools Rating 8/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Robert A. Millikan Middle School: GreatSchools Rating 7/10Van Nuys Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Ulysses S. Grant Senior High School: GreatSchools Rating 5/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $34,603 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 6, 2006 for $2,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4528 Murietta Ave has 18 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 4528 Murietta Ave is 9,784 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4528 Murietta Ave is 1956.
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This home is located at 4528 Murietta Ave in Sherman Oaks, CA and zip code 91423 in the The San Fernando Valley neighborhood. This 9,784 square foot home, which was built in 1956, sits on a 0.31 acre lot. Features: 18 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $3,795,000.
In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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