14514 Benefit St, Sherman Oaks, CA 91403

We are proud to present this 5-unit apartment building located at 14514 Benefit Street in Sherman Oaks, California. This ideally located property is South of both Ventura Blvd and Dickens St, making this one of the most desirable pockets in the San Fernando Valley.Built in 1951, this 3,608 sqft building sits on a 6,804 sqft lot (0.16 acres), and it boasts a strong unit mix of (1) studio, (3) 1 Bed units, and (1) 2 Bed / 1 Bath + Den unit. This great value-add opportunity has more than 50% upside potential in rents, and this is an ideal property to build at least one detached ADU. The best place to build this ADU would be over the carport that is at the back of the property, which will allow you to add a brand new construction unit to the property without getting rid of any parking for the tenants. Also, since there is no tuck-under parking at this property, there is no requirement for the buyer to do any mandatory seismic retrofitting.