Sold | 4573 Willis Avenue, Sherman Oaks, CA 91403

jaredlevine
Dec 17, 2025
3 min read

22-Unit Multifamily Sale in Prime Sherman Oaks

JML Real Estate Group is proud to announce the successful sale of 4573 Willis Avenue, a 22-unit multifamily property located in the heart of Sherman Oaks, California. This transaction highlights how disciplined underwriting, deep market knowledge, and strong industry relationships can create value — even in a shifting Los Angeles multifamily market.

4573 Willis Avenue Sherman Oaks 22-unit apartment building sale — 4573 Willis Ave, Sherman Oaks Ca 91403 - 22 Unit Apartment Building

Deal Summary

Sale Price: $5,275,000
Units: 22
Building Size: 26,883 SF
Year Built: 1964
Cost Per Unit: ~$239,000
Cost Per Square Foot: ~$196
In-Place GRM: ~9.24
Market GRM: ~7.8
In-Place Cap Rate: ~6.9%
Market Cap Rate: ~8.82%

Property Highlights

Prime Sherman Oaks location
Two (2) vacant units at close
Recent capital improvements
Strong value-add opportunity
Excellent unit mix
Amenities include pool, on-site parking, and elevator

This offering represents a rare opportunity to acquire a well-located Valley multifamily asset with both in-place income and clear upside, a combination that continues to attract sophisticated local investors.

Deal Background & Execution

The property was initially brought to market by a highly regarded brokerage at a pricing level that did not reflect current market conditions. Originally listed at $7,900,000 and later reduced to $6,100,000, the asset experienced multiple failed escrows for a variety of reasons unrelated to the real estate fundamentals.

Our team at JML Real Estate Group continued to track the opportunity closely on behalf of our client, maintaining communication and monitoring shifts in seller motivation. When the timing aligned, we were able to structure and negotiate a transaction at favorable terms, ultimately securing the property at $5,275,000.

The transaction closed in under 60 days, with no credits or post-contract price reductions, demonstrating both the strength of the Buyer and the certainty of execution.

Why Relationships Matter in Multifamily Brokerage

This sale is a direct reflection of the deep-rooted relationships we have built across the Los Angeles multifamily brokerage community. Sellers, agents, and investors know that when JML Real Estate Group is involved, deals are approached with professionalism, transparency, and certainty of close. The Buyer in this transaction is a local multifamily investor with an exceptional track record, who performed exactly as represented — a critical factor in competitive and sensitive situations like this one. At JML Real Estate Group, we are passionate about helping our clients identify and capitalize on opportunities in any market cycle, whether that means sourcing off-market deals, navigating repriced assets, or executing value-add strategies in high-barrier submarkets.

Sherman Oaks Multifamily Market Overview

Sherman Oaks continues to be one of the most desirable multifamily investment submarkets in the San Fernando Valley due to its central location, proximity to major employment hubs, strong rental demand, and limited new supply. Despite broader market volatility, Sherman Oaks apartment buildings benefit from stable occupancy, resilient tenant demand, and long-term appreciation fundamentals. As pricing has adjusted from peak levels, experienced investors are targeting well-located assets with value-add potential, making Sherman Oaks an attractive market for both long-term holds and strategic repositioning plays. Investors searching for Sherman Oaks multifamily for sale are increasingly focused on cap rate expansion opportunities, operational upside, and assets that can be stabilized over time.