855.375.4001
Listed by Angelica Gotzev - Kidder Mathews of California, Inc.
$4,550,000 affordable loan icon Calculate Payment

13060 Burbank Boulevard Sherman Oaks, CA 91401

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Cluster Residence
21 Beds
21 Baths
... Bed/Bath
15,295 Sq. Ft.

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Last updated on 9/29/2024 8:22 AM
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 cove...ted 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, Continue reading
MLS#
24430045
Property Type
Cluster
Bedrooms
21
Bathrooms
Year Built
1958
Square Feet
15,295 sq. ft
Lot Size
0.36
Stories
1.0

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Listed by Angelica Gotzev - Kidder Mathews of California, Inc.
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 9/29/2024 8:22 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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