Growth Investment Group California proudly presents The Weddington Oaks, a luxurious residential complex located at 5259 Sepulveda Blvd, Sherman Oaks. With 27 stunning units (1 is a non-conforming unit – rental unit or office), this prime property offers the lowest price per unit in the highly sought-after neighborhood of Sherman Oaks. Boasting an excellent location near the Sherman Oaks Galleria, this property offers a prime location for residents seeking convenience, entertainment, and access to various amenities. This offering presents a rare opportunity for investors to acquire an excellently located, well-maintained, and one of the lowest price/unit apartments in the Sherman Oaks area. With its diverse unit mix, modern amenities, and strong rental demand, this property offers a solid income stream and potential for long-term value appreciation. Whether you're an astute investor or a 1031 exchange buyer, Weddington Oaks presents an unbeatable opportunity to own a piece of this prestigious community.
Built in 1964, Weddington Oaks is situated on a corner lot on Sepulveda Blvd & Weddington Street. It is a three stories apartment with ±17,298sf on an LA-R3 zoned ±16,591sf lot (buyer to verify). The property has excellent curb appeal and superb visibility along Sepulveda Blvd, making it an easy to advertise and rent community. It has many amenities such as secured entrance with intercom, gated parking, elevator, lobby area, and fenced swimming pool.
It offers a diverse unit mix of one (1) x 2bed+2bath, twenty-four (24) x 1bed+1bath, and two (2) x Studio units, catering to a range of tenants' needs. Approximately ±13 to 14 units (buyer to verify) have been upgraded with modern upgrades such as wood flooring, smooth ceiling, led lighting, updated kitchen, and updated bathroom. Each unit is thoughtfully designed and equipped with modern amenities, ensuring a comfortable living experience. Additional amenities such as central HVAC, 1 covered parking space, laundry facilities, fenced pool, lobby area, and an elevator enhance the overall appeal of the complex, attracting tenants and contributing to tenant retention. One of the Studio units is a non-conforming unit that can be rented as a unit or utilized as leasing office.
The property had recent capital improvements, including new exterior paint, updated pool fence, and update to some units. Parking is provided by covered ground level parking with 2 entrances and the community has 27 parking spaces. The units are all separately metered for electricity and gas, and the property has a shared laundry room (seller own machines).
Sherman Oaks is a highly sought-after residential area with a strong demand for housing. The community presents an excellent investment opportunity with significant potential for rental income and long-term value appreciation. The demand for rental properties in this area remains robust, offering investors a stable and consistent income stream.
LOCATION, ACCESS & AMENITIES
Location, location, location! Situated in the heart of Sherman Oaks, Weddington Oaks is surrounded by an array of amenities, making it an an attractive investment option. Just steps away, you'll find the renowned Sherman Oaks Galleria, a premier destination for upscale shopping, dining, and entertainment. Indulge in a world-class shopping experience right at your doorstep. For nature enthusiasts, the nearby Sepulveda Basin Wildlife Reserve offers a peaceful retreat from the hustle and bustle of the city. Take leisurely walks, go bird-watching, or simply soak in the tranquility of this picturesque natural oasis. Weddington Oaks provides the perfect balance between urban convenience and serene natural surroundings.
Situated on the southwest intersection of Sepulveda Blvd and Weddington St, the property offers superb convenience to tenants in the heart of Sherman Oaks. The property's standout feature is its exceptional location near the renowned Sherman Oaks Galleria and Ventura Blvd corridor. This bustling commercial center offers residents a wide range of retail outlets, restaurants, entertainment venues, and a host of other amenities. With its proximity to the Galleria, the apartment complex attracts tenants seeking a convenient and vibrant lifestyle, making it an appealing choice for potential renters.
It offers excellent access to FWY 101 and FWY 405, and a block away from Sepulveda Basin Recreation Area (wildlife reserve, Lake Balboa, Woodley Lake Golf Course, etc.). It is minutes away from many cultural attractions along FWY 405 such as The Getty Museum, Skirball Cultural Center, American Jewish University, and other well-known destinations. It has superb access to public transportation along Sepulveda Blvd and/or Ventura Blvd.
The Sherman Oaks real estate market has shown consistent growth over the past few years, driven by its prime location and vibrant community. The property's proximity to major transportation routes, employment centers, and entertainment options further enhances its attractiveness to potential tenants, ensuring a steady demand for the apartment units.