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$ 5,295,000
Est. payment /mo
Active
11940 Burbank Boulevard Los Angeles, CA 91607
18,661 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 18,661 sqft
Price per Sqft $283
MLS Listing ID CL26864851
HOA Y/N No
Year Built 1960
Lot Size 0.549 Acres
Acres 0.549
Property Sub-Type Comm Ind For Sale
Property Description
Pride-of-ownership 22-unit apartment building located in the desirable Valley Village submarket. The property features an attractive unit mix of studio, one-bedroom, and two-bedroom units, totaling approximately 18,661 rentable square feet on a large 23,906 square foot lot. Amenities include on-site parking, pool access, balconies, and spacious unit layouts. The property has benefited from several capital improvements, including roof, landscaping, paving, entry door, LED lighting, and completion of the soft-story retrofit. The offering presents investors with a rare opportunity to acquire a well-located Valley Village multifamily asset with substantial upside in existing rents, providing a clear path to improved cash flow and long-term value creation.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 2348002034
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Listed by Eddie Kohan • Kohan & Associates Real Estate