4742 Sepulveda Blvd
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- 4742 Sepulveda Blvd
The sale of 4742 Sepulveda Blvd involved a stabilized, condo-quality multifamily asset in the heart of Sherman Oaks. Despite limited flexibility on pricing, the property attracted sustained interest and ultimately closed at 97% of the list price following an extended tour-driven marketing process.
Background
4742 Sepulveda Blvd is a 21-unit multifamily property located just north of Ventura Blvd in Sherman Oaks, directly across from the Sherman Oaks Galleria. The location offers immediate access to one of the San Fernando Valley’s most active commercial and employment corridors, surrounded by office uses, retail, dining, and daily amenities.
The building was constructed in 2014 and delivered as a condo-quality rental property. Each unit featured wood and tile flooring, stainless steel appliances, granite countertops, in-unit washer and dryer, and private balconies. The property attracted strong tenant profiles and operated as a stabilized asset in a consistently high-demand rental market.
After holding the property for several years and realizing the majority of the available upside, ownership decided it was an appropriate time to exit rather than continue long-term operations.
Challenge
With most of the value already captured, pricing flexibility was limited. The opportunity was not a value-add play and did not appeal to buyers seeking immediate rent growth or repositioning potential.
The challenge was identifying a buyer willing to underwrite the asset based on construction quality, location, and income durability rather than near-term upside. That narrowed the pool to buyers focused on long-term holds, portfolio stability, or exchange requirements.
Result
Marketing emphasized in-person tours to allow buyers to fully assess the quality of construction, unit finishes, and overall condition of the property. Over the course of approximately 6 months, more than 15 interested buyers toured the asset, resulting in 9 qualified offers.
An offer was selected at 97% of the list price. Contingencies were removed in June, and escrow closed 60 days later.
For the sellers, the transaction provided a clean exit from a non-core asset at pricing consistent with expectations. For the buyer, the acquisition offered a stabilized, well-located multifamily property in one of the Valley’s most reliable rental submarkets.
Story Details
Name
4742 Sepulveda Blvd
Closed Time
60 Days
Location
Los Angeles
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