See all 23 photos

$4,550,000

Est. payment - /mo

Save

21 BD

21 BA

15,295 SqFt

Active

13060 Burbank BLVD Sherman Oaks, CA 91401

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:30 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,295 sqft

Price per Sqft $297

MLS Listing ID 24430045

Bedrooms 21

HOA Y/N No

Year Built 1958

Lot Size 0.363 Acres

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 So - Sherman Oaks

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Garage Assigned, Private

Pool In Ground

Parking Type Assigned, Private

Total Parking Spaces 19

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2345006001

Special Listing Condition Standard

Listed by Angelica Gotzev • Kidder Mathews of California, Inc.

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search