13444 Burbank Blvd - Apartments FOR SALE


Sherman Oaks, CA 91401
$1,580,000 USD
818-390-4181
13444 Burbank Blvd, Sherman Oaks, CA for Sale
$1,580,000 USD
Apartments - FOR SALE
1/10
null | 5.5% Cap Rate

13444 Burbank Blvd
Sherman Oaks, CA 91401


HIGHLIGHTS

  • Owner-User Front Unit with House-Like Appeal — The front unit offers a rare residential feel, featuring a private front yard.
  • Significant Rental Upside — Current annual income is approximately $131,916, with projected market income of approximately $178,500.
  • Attractive Current and Market Yield — The property is offered at a 5.50% current cap rate with the ability to reach an estimated 8.36% market cap rate
  • Low Price Per Unit — At approximately $225,714 per unit, the offering provides investors with an attractive entry point in a highly connected Sherman
  • Proven Capital Improvements in Place — Copper plumbing has been upgraded throughout the property, and three units have been fully renovated.
  • Positioned along Burbank Blvd, the property offers convenient access to Sherman Oaks, Van Nuys, Valley Village, Studio City, and Ventura Boulevard.

OVERVIEW

13444 Burbank Blvd offers investors the opportunity to acquire a seven-unit multifamily asset in a central Sherman Oaks location, positioned along one of the San Fernando Valley’s most connected east-west corridors. The property combines stable in-place income, clear rental upside, and an attractive basis in one of the Valley’s most consistently desirable rental markets. Currently generating a 5.50% current cap rate, the asset offers investors a clear path to improved performance, with projected market rents supporting an estimated 8.36% market cap rate and a reduction from an 11.98x current GRM to an 8.93x market GRM. A major differentiator is the front unit, which offers a rare house-like living experience within a multifamily setting. Featuring its own private front yard and tandem parking spaces directly in front, the unit provides the feel and functionality of a single family home while still benefiting from the income generated by the remaining units. This creates a compelling opportunity for an owner-user to occupy the front unit, enjoy a more private residential environment, and offset ownership costs through rental income. The unit mix includes a combination of two 2 beds, one 1 bed, and 4 studios layouts, the property has undergone meaningful capital improvements, including a full copper pipe upgrade throughout, reducing long- term maintenance and utility costs for a new owner. Three units have been renovated within the past three years, featuring upgraded flooring, countertops, windows, and light fixtures, providing a clear renovation blueprint for repositioning the remaining units and capturing the embedded rent upside. Select units benefit from desirable tenant features including parking, front and rear access, outdoor space, patio areas, and central A/C, creating a more livable experience than typical small-unit apartment product. The value-add story is clear and measurable. Current scheduled gross income is approximately$131,916 annually, while projected market income reaches approximately $178,500 annually, representing meaningful embedded rental upside. With one single unit currently vacant, a new investor has the ability to begin improving income immediately while continuing to reposition the remaining units over time. Located miuntes from Los Angeles Valley College and the metro orange line.

FOR SALE DETAILS

PRICE

$1,580,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

7

PRICE/UNIT

$225,714

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,500 SF

ZONING

LAR3

APN/PARCEL ID

2344-009-004

ASK ABOUT THIS PROPERTY

Eli AppelEquity Union CommercialMore Info
818-390-4181

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Eli AppelEquity Union CommercialMore Info
818-390-4181

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