14254 Burbank Blvd - Apartments FOR SALE


Van Nuys, CA 91401
$2,850,000 USD
310-941-5899
14254 Burbank Blvd, Van Nuys, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/12
null | 4.66% Cap Rate

14254 Burbank Blvd
Van Nuys, CA 91401


HIGHLIGHTS

  • 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 1.5 Bath
  • Minutes to Sherman Oaks Recreation Center & Westfield Fashion Square
  • LA City Soft Story Retrofit Completed

OVERVIEW

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 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 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.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

12

PRICE/UNIT

$237,500

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,990 SF

ZONING

LAR3

APN/PARCEL ID

2245-023-003

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

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Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.