Investment Overview

We are pleased to present 14748 Burbank Boulevard, a 50-unit condominium building currently operated as an apartment building. The Subject property was built in 1988 and is NOT subject to LA City Rent Control, with a maximum allowable annual increase of 5% + CPI. This offering is comprised of 6) 3bed/2bath, 37) 2bed/2bath, 3) 2bed/1.5bath & 4) 1bed/1bath units. The property includes gated on grade and subterranean parking with 112 spots. Additional amenities include pool and jacuzzi, leasing office, washer & dryer hookups and Central A/C. Located on Burbank Boulevard just east of Kester, the subject property is situated in a strong and highly desirable Sherman Oaks location. Residents can enjoy a myriad of dining and shopping destinations that this affluent submarket is known for. Additionally, this asset is in close proximity to the 405 and 101 freeways, allowing easy access for residents to commute across the city. The famed Sherman Oaks Galleria and Westfield Fashion Square is just a short drive away.