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13060 Burbank Boulevard

Sherman Oaks, CA 91401

$4,550,000

List Price

21

bed Beds

21

shower Baths

15,295 sqft

straighten / sqft

1958

calendar_month Built

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,

Listing Information

List Price $4,550,000
Status Active
MLS 24430045
Type Residential Income
Year Built 1958
Lot Size 15,830
Structure Size 15,295
DOM 8
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Angelica Gotzev DRE#02053007
Co-Listing Agent Janet Neman DRE#01069127

Interior Features

Total Bedroom
Bedrooms 21
Total Bathroom
Bathrooms 21

Exterior Information

Maps

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Listing information courtesy of: Angelica Gotzev, Janet Neman, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 29th, 2024 at 1:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.