Active
4212 Greenbush Avenue
Sherman Oaks CA, 91423
$4,850,000
$362.48 per sqft
Active
18 Beds
15 Baths
13,380 sqft
Residential
Built in 2007
We are pleased to present the opportunity to acquire the fee simple interest in all units of a luxury condominium property in prime Sherman Oaks, CA. Greenbush Villas at 4212 Greenbush Avenue comprises six individual condominiums each with its own assessor parcel number, with 2 Units Delivered VACANT. All six condominiums are owned by the original developer and are being sold together. This sale structure gives buyers the opportunity to either continue operating the property as an income-producing multifamily asset or to sell the individual units off with the potential for sizable profits. The property was built in 2007 using podium-style construction that includes a wood-frame structure over a poured concrete base. Each unit has 3 bedrooms and 2.5 baths and each features a bonus room as well as an enclosed loft which is perfectly suited for home office use. Each unit also has its own private rooftop deck, laundry hookups, and a private 2-car garage. There is central heat and air as well as fireplaces throughout. Units feel very much like homes with a massive primary living area and kitchen. Units range in size from 2,100 to over 2,400 square feet. Located just 200 feet north of famed Ventura Boulevard on an idyllic tree-lined block in the best possible part of Sherman Oaks, Greenbush Villas provides tenants with walkable access to some of the area's best restaurants, bars, shops and services. Within a 3-minute stroll are culinary standouts Sushi Note, HomeState, The Great Greek, and Wood and Water. Directly to the north are multi million dollar single family homes. Greenbush Villas is also just one block from highly-regarded Dixie Canyon Community Charter School. There truly is no better location in the San Fernando Valley. Astute investors will have multiple options when choosing how to best leverage this amazing asset. Greenbush Villas is uniquely positioned in the rental market with extremely rare, high-quality, 3-bedroom units that should appeal to families priced out of the local market for single-family homes. Alternatively, the new owner might find that the prevailing value of $1,000,000+ for similar condominiums simply offers too compelling an opportunity for selling the units off individually. Either strategy provides tremendous value-add potential.
25493367
MLSⓇ ID
February 3, 2025
Listed
February 11, 2025
Updated
Interior Features
Total Stories
4
Bedrooms
18
Total Bathrooms
15
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.19 Acres
Patio And Porch
Open, Patio
Other Property Details
Area Name
SO - Sherman Oaks
Days on Market
8
Garage
Yes
Parking
Door-Multi, Garage
Parking Total
12
View
No
County
Los Angeles
Pool
No
Listed by Eric Dilanian, Remax Commercial and Investment Realty, CA DRE 01951699
Listing Contact: 213-233-4379
Based on information from the CRISNet MLS as of 2/11/2025, 1:47 PM UTC. 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. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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