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14815 Burbank Blvd

Van Nuys, CA 91411
  • $3,750,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 21-109347
UPDATED: 53 min ago
$3,750,000
  • 21
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,066
    SQFT
  • $373
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

Pride-of-Ownership building in Sherman Oaks; Six Units Fully Remodeled!! Much desired unit mix of 2+2, 2+1, and 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 are strong with significant upside. Six of the apartments have recently been fully remodeled with new windows, new kitchen cabinets 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 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 2022-01-24T11:42:31.283. 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.searchdesertrealestate.com/homes/123694102
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14815 Burbank Blvd Van Nuys, CA 91411

  • Price: $3,750,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 53 min ago
  • MLS #: 21-109347
21
Beds
0
Baths
0
½ Baths
0.24
Acres
10,066
SQFT
$373
$/SQFT
1961
Built
Neighborhood:
Sherman Oaks
County:
Los Angeles
Area:
Sherman Oaks
Property Description
Pride-of-Ownership building in Sherman Oaks; Six Units Fully Remodeled!! Much desired unit mix of 2+2, 2+1, and 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 are strong with significant upside. Six of the apartments have recently been fully remodeled with new windows, new kitchen cabinets 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 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 AssignedAttached Total Parking 16

Interior Features

Baths Total 13.00 Cooling Wall/Window Equipment Built-Ins Flooring LaminateMixed Heating Wall Laundry Community Laundry Equipment Lease

Property Features

Assessed Total Value 3121200 Gross Income 241315 Gross Operating Income 240715 Like Units1 4 Like Units2 4 Like Units3 5 Net Operating Income 165360.00 Number Of Buildings 2 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 75355 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 2022-01-24T11:42:31.283. 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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The John Jay Group - Bennion Deville Homes
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