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14941 Burbank Blvd

Sherman Oaks, CA 91411
  • $4,195,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 21-106715
UPDATED: 36 min ago
$4,195,000
  • 25
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,921
    SQFT
  • $352
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

Current rents sit approximately 42% below market levels, allowing a new owner the potential to improve income significantly. Select units have already been upgraded with new wood flooring, new kitchen cabinets, new granite countertops, new ceiling fans, and fully remodeled bathrooms. Constructed in 1962, the building features an attractive unit mix with mostly two-bedroom apartments. The central courtyard holds a sparkling swimming pool, while tenants also enjoy ample covered parking. On-site laundry facilities offer an additional stream of income to the landlord as well. Located near the intersection of Burbank Boulevard and Sepulveda Boulevard, tenants enjoy convenient access to the 405 Freeway just blocks away. Several restaurants and retail destinations are within one mile, including Target, Costco, LA Fitness, Staples, Petco, and Ralphs. The Sepulveda Basin Recreation Center, featuring The Japanese Garden and two golf courses, is just one half-mile west of the building.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T10:42:40.013. 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/123516933
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14941 Burbank Blvd Sherman Oaks, CA 91411

  • Price: $4,195,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 36 min ago
  • MLS #: 21-106715
25
Beds
0
Baths
0
½ Baths
N/A
Acres
11,921
SQFT
$352
$/SQFT
1962
Built
Neighborhood:
Sherman Oaks
County:
Los Angeles
Area:
Sherman Oaks
Property Description
Current rents sit approximately 42% below market levels, allowing a new owner the potential to improve income significantly. Select units have already been upgraded with new wood flooring, new kitchen cabinets, new granite countertops, new ceiling fans, and fully remodeled bathrooms. Constructed in 1962, the building features an attractive unit mix with mostly two-bedroom apartments. The central courtyard holds a sparkling swimming pool, while tenants also enjoy ample covered parking. On-site laundry facilities offer an additional stream of income to the landlord as well. Located near the intersection of Burbank Boulevard and Sepulveda Boulevard, tenants enjoy convenient access to the 405 Freeway just blocks away. Several restaurants and retail destinations are within one mile, including Target, Costco, LA Fitness, Staples, Petco, and Ralphs. The Sepulveda Basin Recreation Center, featuring The Japanese Garden and two golf courses, is just one half-mile west of the building.
Exterior Features

Lot Size Area 15246 Other Structures None Parking Garage Assigned Total Parking 0

Interior Features

Baths Total 24.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 2596640 Gross Income 262248 Gross Operating Income 264384 Like Units1 4 Like Units2 9 Like Units3 1 Net Operating Income 152074.00 Number Of Buildings 1 Number Of Units 14 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Estimated Total Annual Expense 104442 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-03T10:42:40.013. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210