13060 Burbank Blvd Active Save Request In-Person Tour Request Virtual Tour
Sherman Oaks,CA 91401
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,295 sqft
Price per Sqft $297
MLS Listing ID 24-430045
Bedrooms 21
Year Built 1958
Lot Size 0.363 Acres
Acres 0.3634
Property 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,
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Microwave, Refrigerator, Range/Oven
Exterior
Garage Private, Assigned
Garage Spaces 19.0
Pool In Ground
Building
Story 2
Level or Stories One
Others
Special Listing Condition Standard