$ 4,550,000
13060 Burbank BLVD Sherman Oaks, CA 91401
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$ 4,550,000
Est. payment /mo
Active
13060 Burbank BLVD Sherman Oaks, CA 91401
21 Beds
21 Baths
15,295 SqFt
UPDATED:
09/30/2024 06:30 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,295 sqft
Price per Sqft $297
MLS Listing ID 24430045
Bedrooms 21
HOA Y/N No
Year Built 1958
Lot Size 0.363 Acres
Acres 0.3634
Property Description
Rare opportunity to acquire 13060 Burbank Blvd, a 19-unit value-add property located in the heart of prime Sherman Oaks, one of Los Angeles' most desirable submarkets. Nestled along Burbank Blvd, between Coldwater Canyon Avenue and Fulton Avenue, this property offers investors a chance to own a coveted piece of real estate in one of the San Fernando Valley's most attractive rental markets. Constructed in 1958, this two-story structure spans approximately 15,295 square feet on a 15,825 square foot lot. The property has been meticulously maintained and managed by the same ownership for nearly 14 years, offering significant rental upside. Additionally, there is potential to build three Accessory Dwelling Units (ADUs), which would substantially increase income (buyer to confirm). 13060 Burbank Blvd provides investors with the rare opportunity to acquire an ideal value-add opportunity with significant upside potential. The Property features spacious and well-designed units, with a strong unit mix of (1) studio, (15) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit, and (2) two-bedroom, two-bath units. Over the years, the ownership has implemented unit upgrades on select units as they turn over including high-end finishes, upgraded flooring and kitchens, granite countertops, double pane windows, stainless steel appliances, 13060 Burbank Blvd provides investors with the rare opportunity to acquire an ideal value-add opportunity with significant upside potential. The Property features spacious and well-designed units, with a strong unit mix of (1) studio, (15) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit, and (2) two-bedroom, two-bath units. Over the years, the ownership has implemented unit upgrades on select units as they turn over including high-end finishes, upgraded flooring and kitchens, granite countertops, double pane windows, stainless steel appliances,
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Garage Assigned, Private
Pool In Ground
Parking Type Assigned, Private
Total Parking Spaces 19
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2345006001
Special Listing Condition Standard
Listed by Angelica Gotzev • Kidder Mathews of California, Inc.