Browse All Sherman Oaks CA Multi-Family Properties for Sale

GD26198579 MLS ⋅ Active Status

The Rye Apartments is located in Sherman Oaks, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the stores and eateries located at the Westfield Fashion Square and Ventura Boulevard. It is also ideally situated near major freeways, making it a quick drive to neighboring cities like Encino, Studio City and Burbank. The apartment complex has 6 units in total and consists of one 3 bedroom 2 bathroom unit and five 1 bedroom 1 bathroom units. There have been various upgrades made throughout some of the units. The unit floor plans are open and spacious, making optimal use of the square footage. Not only does this building have major upside potential, but its location makes it a premier asset for investors in today’s market.

13520 Rye, Sherman Oaks

$2,099,999

SR26188990 MLS ⋅ Active Status

4335 Sunnyslope is a unique three-unit opportunity for the savvy buyer or investor, featuring two brand-new residences directly behind the original front home. The newly constructed rear units offer 2-bedroom layouts—one with 2 baths and the larger owner’s unit with 2.5 baths—featuring natural-tone vinyl flooring, stainless steel appliances, stackable washers and dryers, private patios, and separate meters. The front house shows as a 3 bedroom 2 bath with updated kitchen, bathrooms, rear patio, and front yard space. The front home is tenant occupied, while both new rear units will be delivered vacant, creating multiple possibilities: live in the larger owner’s unit and collect rent from the other two, purchase with a friend and live separately while rental income helps offset the mortgage, or lease all three as an income-producing investment. Just steps from Ventura Boulevard and Moorpark Street and moments from The Shops at Sportsmen’s Lodge, Equinox, and Erewhon, this is a compelling opportunity to live, invest, and generate income in one of the area’s most convenient locations.

4335 Sunnyslope, Sherman Oaks

$1,500,000

SR26185687 MLS ⋅ Pending Status

We are proud to represent this 7 unit property in Sherman Oaks. The building was constructed in 1964. Its unit mix consists of (1) studio unit, (4) 1+1 units, and (2) 2+1 units. With a lot size of 6,502 square feet, the property has a total of 4,837 rentable square feet. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.

14716 Magnolia Boulevard, Sherman Oaks

$4,900,000

SR26182561 MLS ⋅ Active Status

16 units, comprised of 2 buildings (2 APN's) therefore on-site management not required. 4824 Hazeltine consits of 8 units, with its mirror 4832 Hazeltine Ave consisting of 8 units. Ideal unit mix. 16 parking spaces. Mostly renovated units. Tranquil courtyard providing an inviting environment. Across from not one but two Trader Joe's!, Across from Van Nuys/Sherman Oaks Park, and steps away from Westfield Fashion Square mall. Tenants benefit from immediate access to everyday conveniences, lifestyle amenities, and neighborhood services that enhance overall livability. The surrounding area supports strong walkability and remains one of the most sought after residential pockets in the Valley. DO NOT DISTURB TENANTS!

4824 Hazeltine Ave, Sherman Oaks

$1,000,049

SR26172852 MLS ⋅ Active Status

Two Homes. One Outstanding Sherman Oaks Opportunity! Welcome to 5743–5745 Kester Avenue, a desirable duplex offering flexibility, valuable improvements, and excellent long-term potential. Ideal for an owner-user who wants to live in one residence and rent the other, an investor expanding a portfolio, or a multigenerational household seeking separate living spaces. Both units feature hardwood flooring, newer windows, smooth ceilings with no popcorn texture, and comfortable, light-filled interiors. One residence has been further enhanced with a remodeled kitchen, creating a fresh and inviting space for cooking and entertaining. A newer roof provides added peace of mind, while the detached two-car garage at the rear offers convenient parking and additional storage possibilities. Opportunities like this are increasingly difficult to find in Sherman Oaks. Enjoy the income potential of a duplex while retaining the lifestyle and flexibility of two separate residences. Bring your vision and discover the many possibilities this property offers. Live in one, rent the other—or add a well-located multifamily property to your investment portfolio. Don’t miss it!

5743 5745 Kester Avenue, Sherman Oaks

$3,195,000

SR26170746 MLS ⋅ Active Status

5 Townhomes in prime Sherman Oaks, just steps from Ventura Boulevard. Located at 4325 Stern Avenue and built in 2008, this exceptional property offers a rare and valuable feature: each of the five units has its own APN, presenting a unique opportunity for future condo conversion. All units are thoughtfully possess 3 bedrooms and 2.5 bathrooms, and include private garages, rooftop decks, and in-unit laundry—ideal for modern living and strong rental appeal. Perfectly positioned with easy access to the Westside, the property is surrounded by top-tier amenities including Whole Foods, Trader Joe’s, Fashion Square, and convenient access to the 101 and 405 freeways. Residents also enjoy being within walking distance to some of Sherman Oaks’ most popular dining destinations, including Sweet Butter, Taisho, Casita, Pizzana, Petit Trois, and BLVD Steak. A rare investment opportunity in one of the Valley’s most sought-after neighborhoods with a Walk Score of 87 (Very Walkable).

4325 Stern Avenue, Sherman Oaks

$1,750,000

SR26165869 MLS ⋅ Pending Status

Equity Union Commercial is proud to represent this 7 unit property in Sherman Oaks. The building was constructed in 1964. Its unit mix consists of (2) 1+1 units, (4) 2+2 units, and (1) 3+2 unit. With a lot size of 6,513 square feet, the property has a total of 6,478 rentable square feet. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.

14205 Burbank Boulevard, Sherman Oaks

$3,596,000

12 Beds ⋅ 8 Baths ⋅ 26865127 MLS ⋅ Active Status

Perfect Owner/User or Investment Opportunity....New construction in prime Sherman Oaks, this boutique 4-unit apartment building offers a rare opportunity to acquire a 2024 built multifamily asset in one of the San Fernando Valley's most desirable rental markets. Ideally located within walking distance of Ventura Boulevard's restaurants, coffee shops, retail, and everyday conveniences, the property combines modern design, strong tenant appeal, and an exceptional walkable location.Each spacious residence features a three-bedroom, two-bath floor plan with high ceilings, an open-concept living area, and a well-appointed kitchen designed for today's renters. In-unit washer and dryer, central AC & Heat with Google Nest, generous room sizes, cozy balcony and contemporary finishes enhance comfort and convenience, while the efficient layouts create a bright, functional living environment. Each unit is approximately 1,500 SF. The building includes a security camera system and gated ground-level covered parking with elevator access to the residential units, providing a level of convenience and privacy rarely found in smaller multifamily properties. With newer construction, desirable unit mix, premium amenities, and a coveted Sherman Oaks location near Ventura Boulevard, this asset is well positioned for long-term ownership, strong rental demand, and lasting value. ***Property is currently vacant***

13846 Moorpark Street, Sherman Oaks

$999,000

SR26159546 MLS ⋅ Active Status

Exceptional duplex opportunity in desirable North Sherman Oaks within sought-after Kester Elementary School District, offering a well-maintained 2-unit property on a large lot with potential long-term upside. Located on a pleasant tree-lined street surrounded by small income properties and single-family homes, this property presents multiple possible paths for an investor or developer. The lot may offer development potential under SB 79 Tier 2 for a possible 3-story, mixed-income project of up to 11 units, or potential ADU and Jr. ADU options; buyer to independently verify all zoning, unit count, development feasibility, permits, and requirements with the City. Each unit features 2 Bedrooms and 1 Bathroom and was fully remodeled inside in 2013 with updated kitchens, cabinetry, countertops, appliances, bathrooms, refinished wood floors, new vinyl flooring in the kitchen, bath, and laundry areas, plus newer windows throughout. Both units also include central air and heat, and the composition roof has been recently replaced in 2024. The property offers a detached 2-car garage assigned to one unit, additional exterior parking, and a spacious rear yard area with parking flexibility. The front unit enjoys a beautifully landscaped private yard with mature hedges. Both units are currently rented and offer an excellent opportunity to acquire a clean income property with immediate rental income and future development potential in a strong Sherman Oaks location.

5919 Cedros, Sherman Oaks

$1,650,000

SR26149191 MLS ⋅ Active Under Contract Status

Exceptional investment opportunity in one of Sherman Oaks' most desirable neighborhoods! This well-maintained fourplex is ideally situated just moments from Ventura Boulevard, placing residents within walking distance of popular restaurants, cafés, shopping, grocery markets, and everyday conveniences. The property also offers easy access to both the 101 and 405 Freeways, making commuting throughout Los Angeles convenient. The property features four spacious light and bright units, each offering 900 square feet of living space with 2 bedrooms and 1 bathroom. Designed for comfortable living and easy maintenance, each unit features durable laminate wood flooring and functional floor plans that appeal to a wide range of tenants. Additional property highlights include copper plumbing and covered parking, adding long-term value and convenience. Pride of ownership is evident throughout, with clean, well-maintained interiors and exteriors that reflect years of attentive care. Located in a highly sought-after rental market, this prime Sherman Oaks fourplex presents an outstanding opportunity for investors seeking stable income and long-term appreciation. Its exceptional location, desirable unit mix, spacious unit sizes, quality improvements, low-maintenance features, strong tenant appeal, and convenient freeway access make it a valuable addition to any investment portfolio. Don't miss this rare opportunity to own a quality multifamily property in one of the San Fernando Valley's most sought-after neighborhoods.

4961 Kester Avenue, Sherman Oaks

$1,350,000

5 Beds ⋅ 5 Baths ⋅ 26849143 MLS ⋅ Active Status

We are pleased to present 4747 Orion Avenue, a4-unit multifamily investment opportunity situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the101/405 interchange - one of the San Fernando Valley's most desirable and supply-constrained rental submarkets. The property features three one-bedroom/one-bath units and one two-bedroom/two-bath unit across approximately 2,964 gross square feet, sitting on a spacious 8,755 SF lot. One unit will be delivered vacant at the close of escrow, providing an incoming investor with immediate market rate income for that unit from day one. At the asking price of $1,350,000, the property is offered at $337,500 per unit and $455 per square foot at a market cap rate of 4.88% and market GIM of 11.97 - representing approximately 24% revenue upside as below-market leases roll to current levels. R3-1 zoning on an 8,755 SF lot unlocks meaningful development optionality. Base density supports up to 10 units by right at 1unit per 800 SF of lot area, with additional density achievable through Density Bonus, SB 9, and state housing provisions - all of which have seen active uptake throughout Sherman Oaks. Buyer to verify. The surrounding submarket has attracted significant institutional capital, with IMT Residential's 249-unit Citrus Commons and 325-unit Via Avanti either recently delivered or nearing completion within close proximity, validating deep and sustained investor conviction in the Sherman Oaks multifamily market. Metro's East San Fernando Valley Light Rail is currently under construction along Van Nuys Boulevard, with 11 stations planned between the G Line and Pacoima. Additionally, the Sepulveda Transit Corridor - a proposed high-capacity rail connection linking the Valley to the Westside - is advancing through environmental review, with a corridor alignment running through Sherman Oaks.

4747 Orion Avenue, Sherman Oaks

$2,725,000

4 Beds ⋅ 6 Baths ⋅ 26845253 MLS ⋅ Active Status

Being sold with tenant in place. Current lease rate $16,500 per month through November 30, 2028. This privately situated estate on a gated corner lot presents an exceptional opportunity to acquire a fully curated, turnkey residence combining luxury, privacy, and investment stability. Thoughtfully designed with an emphasis on quality craftsmanship and modern convenience, the home features Control4 smart home integration, advanced security systems, and sophisticated interiors by Interior Particulier, complete with designer furnishings and custom finishes included in the sale. Designed for both comfortable everyday living and elevated entertaining, the residence offers 4 bedrooms with ensuite bathrooms, including one currently configured as a private office, along with two additional powder rooms. The expansive primary suite serves as a true retreat, featuring a fireplace, generous walk-in closet, private terrace, and a spa-inspired bath with refined finishes and tranquil ambiance. Seamless indoor-outdoor living defines the property, with walls of glass opening to a resort-style exterior setting complete with a heated pool and spa, dedicated pool house with half bath, built-in grilling station, and multiple lounge and entertaining areas surrounded by mature landscaping. Blending privacy, technology, and timeless design, this is a rare offering ideally suited for both end-users and investors alike.

14657 Addison Street, Sherman Oaks

$3,195,000

12 Beds ⋅ 12 Baths ⋅ 26841753 MLS ⋅ Active Status

Onward Capital, as exclusive broker, is pleased to present 15328 WeddingstonStreet, a-newer (2021) 4-unit complex(comprised of two detached duplexes) for sale in the highly desirable neighborhood of Sherman Oaks, Los Angeles.This contemporary property features two detached buildings, each consisting of two spacious tri-level townhomes. All units offer 3 bedrooms and 3 bathrooms, thoughtfully designed with open-concept living spaces, high ceilings, and premium finishes throughout.The interiors showcase designer kitchens with modern cabinetry, stainless-steel appliances, en-suite bedrooms, and large walk-in closets, combining sophistication and comfort. Each unit includes private outdoor space, in-unit laundry, and dedicated parking, creating a turnkey, low-maintenance investment.Perfectly situated in the heart of Sherman Oaks, the property offers seamless access to neighboring communities such as Studio City, Encino, and Van Nuys, as well as major freeways, shopping, dining, and entertainment along Ventura Boulevard. With strong rental demand and a non-rent-controlled designation, this is a rare opportunity to acquire a newly constructed multifamily asset in one of Los Angeles' most desirable and stable rental markets. 5.% CAP NON RENT CONTROLLED, TURNKEY, FULLY OCCUPIED

15330 Weddington Street, Sherman Oaks

$2,288,888

BB26108071 MLS ⋅ Active Status

This well-maintained 9-unit apartment building in Sherman Oaks features a desirable unit mix consisting of (4) 2 bed/2 bath unit, (5) 1 bed/1 bath unit, situated on an 8,749 sq ft lot, the property offers approximately 8,957 rentable square feet. The unit mix supports stable, long-term tenancy and helps minimize turnover. The property is fully occupied with all units currently leased. Extensive upgrades have been completed throughout the property granite and sizar stone counter tops, stainless still appliance, including exterior improvements and painting, and fully renovated interiors. Conveniently located near the 405, 101, and 170 freeways, the property provides excellent accessibility. It is next to Citi Hall Court House Federal Buildings and just minutes from Ventura Boulevard, offering a wide variety of dining, shopping, and entertainment options, as well as nearby public transportation with easy access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.

14218 Sylvan Street, Sherman Oaks

$1,229,000

GD25190151 MLS ⋅ Active Status

Incredible investment opportunity in one of Sherman Oaks' most desirable neighborhoods. This residential income property features a total of 2082 square feet across 3 spacious units, offering strong potential for rental income. Each unit is well-sized, and the property sits on a large lot, providing added space and flexibility. Located in a gorgeous area surrounded by shops, restaurants, and major freeways, this is a rare chance to own a multi-unit property in a highly sought after location. Whether you are looking to expand your portfolio or occupy one unit while renting the others, this property presents a valuable opportunity.

4617 Tilden Avenue, Sherman Oaks

$1,595,000

8 Beds ⋅ 6 Baths ⋅ 25569175 MLS ⋅ Active Status

With its high in-place CAP Rate of 6.58%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles.Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property's storage units, which currently provide an additional $1,000 monthly beyond the apartment rental income collected.Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques.

5707 Tilden Avenue, Sherman Oaks

$2,950,000

PV25148646 MLS ⋅ Active Status

Unlock the potential of a truly exceptional investment in the heart of Sherman Oaks. This 10-unit apartment complex is ideally positioned just steps from the bustling retail and dining corridor of Magnolia Boulevard, one of the most dynamic and desirable destinations in the San Fernando Valley. This location offers immediate access to everything today's renters desire—walkable amenities, top-rated schools, trendy cafes, fitness studios, and convenient freeway access via the 101 and 405. It’s a location that commands attention and attracts high-quality, long-term tenants. The property itself is a rare find: spacious, townhouse-style units that provide residents with the comfort and feel of a home rather than a typical apartment. These desirable layouts, coupled with features like central air and heat, hardwood floors, fireplaces, private patios, and on-site gated parking, set this asset apart from others in the market. The building has already undergone key capital improvements including a brand-new roof and completed soft-story seismic retrofitting, positioning it for long-term stability and low maintenance. This is a true hidden gem—gated, private, and exclusive—nestled within one of the most in-demand rental pockets in Sherman Oaks. Known for its low vacancy rates and strong tenant demand, this area is a magnet for professionals and families seeking lifestyle, convenience, and comfort. From an investment standpoint, the numbers speak for themselves: with a 43.67% potential upside in rents, this property is a prime reposition opportunity in a market where rent growth continues to climb. With limited new rental inventory in the area and increasing demand for larger, well-located units, this property stands to significantly increase cash flow post-renovation or strategic upgrades. Whether you're looking to add a trophy asset to your portfolio or secure a high-performing investment in a blue-chip neighborhood, this Sherman Oaks multifamily offering checks all the boxes. Opportunities like this rarely come to market. Contact us today to schedule a private tour and explore how this incredible asset can elevate your portfolio.

5236 Kester Avenue Unit 6, Sherman Oaks

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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