11940 Burbank Blvd - Apartments FOR SALE


Valley Village, CA 91607
$5,395,000 USD
310-702-9952
11940 Burbank Blvd, Valley Village, CA for Sale
$5,395,000 USD
Apartments - FOR SALE
1/52
null | 7.78% Cap Rate

11940 Burbank Blvd
Valley Village, CA 91607


OVERVIEW

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. Investment Highlights • 22-unit multifamily asset in desirable Valley Village location • Attractive unit mix of studio, one-bedroom, and two-bedroom units • Approximately 18,661 rentable SF on a ±23,906 SF lot • Substantial upside in existing rents • Clear opportunity to improve cash flow through continued rent growth and operational enhancements • Completed soft-story retrofit • On-site pool, balconies, and parking • Recent capital improvements including roof, landscaping, paving, entry door, and LED lighting • Convenient access to Studio City, North Hollywood, Sherman Oaks, and major Valley employment corridors

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

22

PRICE/UNIT

$245,227

CAP RATE

7.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,906 SF

ZONING

R3

APN/PARCEL ID

2348-002-034

ASK ABOUT THIS PROPERTY

Eddie KohanReservoir Partners, LLCMore Info
310-702-9952

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

Eddie KohanReservoir Partners, LLCMore Info
310-702-9952

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