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Multifamily

14815 Burbank Blvd

14815 Burbank Blvd, Sherman Oaks, CA 91411

Listing Price: $3,750,000

Cap Rate
4.41%
Number of Units
13
Occupancy
97.0%
Price/Unit
$288,462
Price/Gross SF
$374.78
Gross SF
10,006

Investment Overview

Marcus & Millichap is pleased to announce a Pride-of-Ownership building in Sherman Oaks with the much desired unit mix of four 2+2, four 2+1, and five 1+1 apartments. The subject property is located on Burbank Boulevard at Kester Avenue. It features large and bright units, high ceilings and great curb appeal enhanced with an impressive frontage on the boulevard. Current rents at the property are strong and will be further enhanced with one vacant unit fetching full market rent. Six of the apartments have recently been fully remodeled with new windows, new cabinets, new flooring and air-conditioning units. The property was recently painted with common areas and walkways resurfaced. The excellent location of this investment is marked by easy access to major freeways connecting the San Fernando Valley market to major employment, dining and shopping facilities of the Westside, Hollywood, Burbank, and Downtown Los Angeles. Ideal asset for long-term investment, significant appreciation and continued increase in rental demand.

Investment Highlights

  • Rare investment opportunity in the much desired rental market of Sherman Oaks
  • Excellent unit mix of four (2+2), four (2+1) and 5 (1+1) apartments
  • Assumable Loan at 3.15% Interest Only for the next 4.5 years (approx.)
  • Strong in-place rents with considerable upside
  • Fourteen parking spaces
  • Laundry room onsite
  • New water heater

Exclusively Listed By

Financing By

Multifamily

14815 Burbank Blvd

Listing Price: $3,750,000

Cap Rate
4.41%
Number of Units
13
Occupancy
97.0%
Price/Unit
$288,462
Price/Gross SF
$374.78
Gross SF
10,006

Investment Highlights

  • Rare investment opportunity in the much desired rental market of Sherman Oaks
  • Excellent unit mix of four (2+2), four (2+1) and 5 (1+1) apartments
  • Assumable Loan at 3.15% Interest Only for the next 4.5 years (approx.)
  • Strong in-place rents with considerable upside
  • Fourteen parking spaces
  • Laundry room onsite
  • New water heater

Investment Overview

Marcus & Millichap is pleased to announce a Pride-of-Ownership building in Sherman Oaks with the much desired unit mix of four 2+2, four 2+1, and five 1+1 apartments. The subject property is located on Burbank Boulevard at Kester Avenue. It features large and bright units, high ceilings and great curb appeal enhanced with an impressive frontage on the boulevard. Current rents at the property are strong and will be further enhanced with one vacant unit fetching full market rent. Six of the apartments have recently been fully remodeled with new windows, new cabinets, new flooring and air-conditioning units. The property was recently painted with common areas and walkways resurfaced. The excellent location of this investment is marked by easy access to major freeways connecting the San Fernando Valley market to major employment, dining and shopping facilities of the Westside, Hollywood, Burbank, and Downtown Los Angeles. Ideal asset for long-term investment, significant appreciation and continued increase in rental demand.

Exclusively Listed By

Financing By

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