Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

Great opportunity to own a 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, the property is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Single. The property is situated on a large lot on the corner of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking (43 total spaces), nicely landscaped courtyard, and an on-site laundry facility. With good upside in rents, a new owner can continue to renovate units and increase cash flow as units turn. Furthermore, there is potential to redevelop the property given the corner location and large33,748- SF Lot, Zoned LAR3***The LA City Soft Story Retrofit work has been completed (Buyer to Verify)

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T08:42:31.673. 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.bringingyouhomescv.com/homes/119806137
Print Image

11908 Burbank Blvd Valley Village, CA 91607

  • Price: $8,150,000
  • Status: Pending
  • Updated: 35 min ago
  • ID#: 21-765600
50
Beds
0
Baths
0
½ Baths
0.77
Acres
21,588
SQFT
$378
$/SQFT
1956
Built
Neighborhood:
Valley Village
County:
Los Angeles
Area:
Valley Village
Property Description
Great opportunity to own a 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, the property is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Single. The property is situated on a large lot on the corner of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking (43 total spaces), nicely landscaped courtyard, and an on-site laundry facility. With good upside in rents, a new owner can continue to renovate units and increase cash flow as units turn. Furthermore, there is potential to redevelop the property given the corner location and large33,748- SF Lot, Zoned LAR3***The LA City Soft Story Retrofit work has been completed (Buyer to Verify)
Exterior Features

Lot Size Area 33747 Other Structures None Parking Garage GatedCovered ParkingUncovered Total Parking 43

Interior Features

Baths Total 28.00 Cooling Wall Unit(S) Equipment Range/Oven Heating Wall Laundry Community

Property Features

Assessed Total Value 6991487 Gross Income 545844 Gross Operating Income 529469 Like Units1 23 Like Units2 4 Like Units3 1 Net Operating Income 306606.00 Number Of Buildings 4 Number Of Units 28 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 222863 Type Of Units Flat Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Brett Sanson DRE#01387480 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T08:42:31.673. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-765600-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-765600-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-765600-2.jpg
Logo
Montemayor & Associates | RE/MAX of Santa Clarita
25129 The Old Road, Suite 114
Stevenson Ranch CA, 91381