13060 Burbank Boulevard, Sherman Oaks, CA 91401
  • MLS#: 24430045 ( )
  • Street Address: 13060 Burbank Boulevard
  • Viewed: 2
  • Price: $4,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 87
  • Additional Information
  • County: LOS ANGELES
  • City: Sherman Oaks
  • Zipcode: 91401
  • Provided by: Kidder Mathews of California, Inc.
  • Contact: Angelica Angelica
  • California Regional MLS IDX
  • DMCA Notice
  • 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,
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Features
Appliances
  1. Microwave
  2. Refrigerator
Building Area Total
  1. 15295.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 250745.00
Parcel Number
  1. 2345006001
Parking Features
  1. Private
  2. Assigned
Pool Features
  1. In Ground
Sourcesystemkey
  1. 24-430045:CLAW
Totalexpenses
  1. 117607.00
Year Built
  1. 1958
Zoning
  1. LARD1.5