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$4,550,000

Beds
21
sq ft
15,295

13060 Burbank Blvd, Sherman Oaks, CA 91401

13060 Burbank Blvd

Sherman Oaks, CA 91401

  • 38 days on market
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,

Details

Property type

Lot size

0.3634 acres

Price per sq ft

$298

Year built

1958

HOA

No

Price History

08/21/2024
CLAW

CLAW #24430045

Listed
$4,550,000
-27.78%
04/30/2024
CRMLS

CRMLS #SR23227435

Removed
$6,300,000
12/18/2023
CRMLS

CRMLS #SR23227435

Listed
$6,300,000

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 09/28/2024 at 7:25 PM

Listing updated: 09/27/2024 at 10:50 PM

Listed by: Angelica Gotzev, Kidder Mathews of California, Inc. Phone #: (310) 312-2800

MLS: CLAW #24430045

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