Sherman Oaks, CA 91401 13060 Burbank Boulevard
$4,550,000
18 more
Presented By: Angelica Gotzev with Kidder Mathews of California, Inc.;
Home Details
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,
Presented By: Angelica Gotzev with Kidder Mathews of California, Inc.;
Interior Features for 13060 Burbank Boulevard
Bedrooms
Total Bedrooms21
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths21
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 13060 Burbank Boulevard
Additional Parcels Y/NNo
AppliancesMicrowave, Refrigerator
Attached Garage No
Cap Rate5.51
Carport Y/NNo
CitySherman Oaks
CountyLos Angeles
Days on Market8
DirectionsLocated on the South side of Burbank Blvd at the corner of Ethel Ave & Burbank Blvd. West of Coldwater Avenue and East of Woodman Avenue.
DisclosuresRentControl
Full Baths
Garage Y/NNo
Gross Income379744.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet15830.0
Lot Size UnitsSquareFeet
MLS AreaSO - Sherman Oaks
MobileHomeRemainsYNNo
Net Operating Income250745.0
New ConstructionNo
NumberOfUnitsTotal19
Pool FeaturesInGround
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1958
ZoningLARD1.5
Exterior for 13060 Burbank Boulevard
Building Area Total15295.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3634
Lot Size Area15830.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Private
SpaNo
Total Parking19.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480