$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 #24430045
Listed
$4,550,000
-27.78%
04/30/2024
CRMLS #SR23227435
Removed
$6,300,000
12/18/2023
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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