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14815 Burbank Blvd

Van Nuys, CA 91411
  • $3,795,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 21-100049
UPDATED: 51 min ago
$3,795,000
  • 21
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,066
    SQFT
  • $377
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

Pride-of-Ownership building in Sherman Oaks with the much desired unit mix of 2+2, 2+1, and 1+1 apartments. The subjectproperty 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. Five of the apartments have recently been fully remodeled with new windows, new kitchen cabinets and air-condition units. The property was recently painted with common areas and walkwaysresurfaced.The excellent location of this investment is marked by easy access to major freeways connecting the San Fernando Valley market to major employment, dining andshopping facilities of the Westside, Hollywood, Burbank, and Downtown Los Angeles. Ideal asset for long-term investment, significant appreciation and continued increase in rental demand.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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.
www.deserthouseseekers.com/homes/122857347
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14815 Burbank Blvd Van Nuys, CA 91411

  • Price: $3,795,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 51 min ago
  • MLS #: 21-100049
21
Beds
0
Baths
0
½ Baths
0.24
Acres
10,066
SQFT
$377
$/SQFT
1961
Built
Neighborhood:
Sherman Oaks
County:
Los Angeles
Area:
Sherman Oaks
Property Description
Pride-of-Ownership building in Sherman Oaks with the much desired unit mix of 2+2, 2+1, and 1+1 apartments. The subjectproperty 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. Five of the apartments have recently been fully remodeled with new windows, new kitchen cabinets and air-condition units. The property was recently painted with common areas and walkwaysresurfaced.The excellent location of this investment is marked by easy access to major freeways connecting the San Fernando Valley market to major employment, dining andshopping facilities of the Westside, Hollywood, Burbank, and Downtown Los Angeles. Ideal asset for long-term investment, significant appreciation and continued increase in rental demand.
Exterior Features

Lot Size Area 10665 Other Structures None Parking Garage Carport Attached Total Parking 16

Interior Features

Baths Total 13.00 Cooling Wall/Window Equipment Built-Ins Heating Wall

Property Features

Assessed Total Value 3121200 Gross Income 241315 Gross Operating Income 234130 Like Units1 4 Like Units2 4 Like Units3 5 Net Operating Income 153936.00 Number Of Buildings 1 Number Of Units 13 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 80194 Type Of Units 13 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jeanette Monfared DRE#00765098 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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.
 
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Indian Wells CA, 92210