15050 Moorpark

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 15050 Moorpark Street, a 25-unit non-rent control value-add asset located in prime Sherman Oaks.
15050 Moorpark Street is located on a 17,666-square-foot corner parcel and consists of a two-story garden-style building above a semi-subterranean parking garage. The property is approximately 19,482 gross square feet, with a unit mix of 24 one-bedroom, one-and-a-half-bathroom townhomes, and 1 two-bedroom, one-and-a-half-bathroom unit. The property also features an interior courtyard with spa, in-unit fireplaces for each unit, and shared laundry facility. In-place rents currently reflect a ~19% loss-to-lease, providing a significant opportunity to capture market rents through a comprehensive interior and exterior improvement plan as units turn over.
Beyond the physical characteristics, the property’s premier Sherman Oaks location makes it highly attractive to renters. Situated steps away from Ventura Boulevard, residents enjoy easy access to abundant shopping, retail, and top dining options such as Bacari Sherman Oaks, Anajak Thai, and Osteria La Buca. Additionally, the properties are conveniently located near the 101 and 405 freeways, providing residents with quick access to major San Fernando Valley employers in Burbank and Warner Center such as CBS Studios, Warner Brothers, Kaiser Permanente, and Disney.