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14254 Burbank Blvd

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Address: 14254 Burbank Blvd, Sherman Oaks, CA 91401, USA

California & West + Apartment Buildings

Created date: November 4, 2024

Date last updated: November 4, 2024

Excellent Sherman Oaks Location
Corner Property with Great Visibility
Great unit mix of (8) units 1 Bed and 1 Bath (4) units 2 Bed and 2 Bath
Minutes to Sherman Oaks Recreation Center & Westfield Fashion Square
LA City Soft Story Retrofit Completed

Property Description

We are proud to present this 12-unit apartment building in an excellent Sherman Oaks location. The property was built in 1958 and is subject to LA City Rent Control. There is an excellent unit mix that includes (8) units of one bed and one bath and (4) units of two bed and two bath.

Residents enjoy spacious floorplans, a pool with a courtyard, covered and open parking as well as on-site laundry facility.

The property is minutes from the endless dining, shopping, and entertainment options on Ventura Blvd. The Sheman Oaks Recreation Center and Westfield Fashion Square are also close by. Access to the 101 and 405 Freeway’s is nearby, which provides easy access to the surrounding area and job opportunities.

This is a great opportunity to own a well-located building on a corner lot with great upside potential.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$2,850,000
No. of Units:	12
Cap Rate:	4.66%
GRM /GIM:	12.10
Year Built:	1958
Building Size:	10,135 Sq ft
Opportunity Zone:	No
Price per unit:	$237,500