Multifamily
13444 Burbank Blvd
13444 Burbank Blvd, Sherman Oaks, CA 91401
Listing Price: $1,780,000
Investment Overview
Marcus & Millichap is pleased to present 13444 Burbank Blvd, a 7 unit apartment building located in Sherman Oaks, CA. Built in 1957, the property has a unique unit mix, with one (1) two-bedroom + two-bathrooms, one (1) two-bedroom + one-bathroom + yard, one (1) one-bedroom + one-bathroom + yard, and four (4) Singles. The Building is 3,748 square feet and sits on a 5,500 square foot lot.
The subject property backs up to a neighborhood of single-family homes and is a short proximity to Los Angeles Valley College which has an enrollment of nearly 16,000 students. This centrally located apartment building is less than 2 miles from Westfield’s Fashion Square mall and the 101 freeway.
13444 Burbank Blvd represents a unique value-add opportunity due to the unit mix, location, and upside potential. The property is offered at $267,857 per unit. The property was issued a certificate of compliance in September 2020 for LA City’s soft story retrofit requirement.
Listing Price: $1,780,000
Investment Highlights
- Great upside potential in rents
- Only $267,857 Per Unit
- Close Proximity to Westfield Fashion Square
Investment Overview
Marcus & Millichap is pleased to present 13444 Burbank Blvd, a 7 unit apartment building located in Sherman Oaks, CA. Built in 1957, the property has a unique unit mix, with one (1) two-bedroom + two-bathrooms, one (1) two-bedroom + one-bathroom + yard, one (1) one-bedroom + one-bathroom + yard, and four (4) Singles. The Building is 3,748 square feet and sits on a 5,500 square foot lot. The subject property backs up to a neighborhood of single-family homes and is a short proximity to Los Angeles Valley College which has an enrollment of nearly 16,000 students. This centrally located apartment building is less than 2 miles from Westfield’s Fashion Square mall and the 101 freeway. 13444 Burbank Blvd represents a unique value-add opportunity due to the unit mix, location, and upside potential. The property is offered at $267,857 per unit. The property was issued a certificate of compliance in September 2020 for LA City’s soft story retrofit requirement.
