14254 Burbank Blvd Sherman Oaks, CA 91401
Pending
$2,850,000
2%
12 Units
16 Beds
16 Baths
10,135 Area(sq.ft.)
10,976 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 1 | 1 | No | $ 1,449 | $ 11,592 | $ 2,195 |
| Unit 2 | 4 | 2 | 1.50 | No | $ 2,010 | $ 8,039 | $ 2,495 |
| 2 | 12 | 16 | 16 | $ 19,632 | $ 124,892 | $ 27,540 |
| MLS #: | 24-441463 |
| Days On Market: | 57 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 281 |
| Price per unit: | $ 237,500 |
| Year Built: | 1958 |
Property Details
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 LACity 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 one and one half 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 andWestfield Fashion Square are also close by. Access to the 101 and 405 Freeway's is nearby, which provides easy access to the surrounding area andjob opportunities.This is a great opportunity to own a well-located building on a corner lot with great upside potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 228,507 |
| Total Annual Expense: | $ 96,298 |
| Net Operating Income: | $ 132,834 |
| Gross Annual Income: | $ 235,575 |
| Cap Rate: | 4.66% |
| Gross Rent Multiplier: | 12.10 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking, Uncovered |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven |
| Heating: | Wall |
| Laundry: | Community |
Exterior
| Pool: | True |
| Pool Description: | Community |
Detailed Map
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