14205 Burbank Blvd - Apartments FOR SALE


Van Nuys, CA 91401
$1,750,000 USD
818-640-4360
14205 Burbank Blvd, Van Nuys, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/31
null | 5.89% Cap Rate

14205 Burbank Blvd
Van Nuys, CA 91401


HIGHLIGHTS

  • Prime Sherman Oaks location with an excellent unit mix of (2) 1+1, (4) 2+2, and (1) 3+2 apartments
  • Strong current 5.9 % Cap Rate with nearly $105,000 in annual NOI and immediate cash flow.
  • Significant rental upside with current rents below market, offering substantial future income growth.
  • Well-maintained 7-unit building featuring 6,478 rentable square feet on a 6,513 square foot lot.
  • Attractively priced at just $250,000 per unit and $270 per square foot in one of the Valley's premier rental markets.
  • Outstanding Sherman Oaks location just minutes from Ventura Boulevard, the Sherman Oaks Galleria, and the 101 & 405 Freeways.

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit property in Sherman Oaks. The building was constructed in 1964. Its unit mix consists of (2) 1+1 units, (4) 2+2 units, and (1) 3+2 unit. With a lot size of 6,513 square feet, the property has a total of 6,478 rentable square feet. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

7

PRICE/UNIT

$250,000

CAP RATE

5.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,513 SF

ZONING

LAR3

APN/PARCEL ID

2245-022-029

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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