13060 Burbank Boulevard,
Home For Sale
Burts and Associates presents 13060 Burbank Blvd, Sherman Oaks a 19-unit value-add property with a 40%+ upside in rents in the highly desirable Sherman Oaks area of the San Fernando Valley. The building is located within walking distance of the Los Angeles Valley College. This value-added opportunity provides investors to acquire an excellently located, well-maintained, and easy-to-manage apartment building. The building has been consistently upgraded with recent major improvements that include trim exterior repainting and steel railings repainting (2023), new copper plumbing throughout (completed in 2019), new roof (completed in 2018), parking soft story retrofit completed, dual pane windows upgrade. Twelve of the units have been recently remodeled and upgraded with quartz counters, flooring, and wood cabinets. The property is well amenitized with a gated pool, secured entry and parking, and on-site laundry facilities. With 3 ADU units allowed by the City of Los Angeles to be built, the increase in rental income combined with the added value of the price per unit and square foot overall value benefit a new owner. The building was constructed in 1958 and is a 19-unit 15,295 square foot building on a 15,825 square foot [Q]RD1.5-1 zoned lot. There is an excellent unit mix of one studio unit, fifteen one-bedroom/one-bathroom units, one two-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. The property will be delivered with minimal deferred maintenance but will provide the new owner with significant upside potential. When the long-term tenants turnover, the n
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 91401
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- MLS® #:
- SR23227435
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- Bedrooms:
- 5
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- Lot Size:
- 0.36
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- Neighborhood:
- VAN NUYS (91401)
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Listing information last updated on April 27th, 2024 at 9:45pm PDT.