17340 Burbank Blvd presents an exceptional multifamily investment opportunity in the heart of Encino, adjacent to the highly desirable neighborhoods of Sherman Oaks, Tarzana, and Van Nuys. Offered for the first time in over 50 years, this property combines unmatched location with substantial upside potential. The community offers a diverse and desirable unit mix of Fourteen 1BR/1BA, Twelve 2BR/2BA, and One 3BR/2BA residences—appealing to a wide range of renters. Each unit is equipped with central air conditioning, and many feature private balconies. The property consists of 24,370 square feet of improvements situated on an expansive 28,394 square-foot lot, Tenants enjoy a sparkling community pool and the security and convenience of gated parking, enhancing overall comfort, lifestyle, and retention. With approximately 30% upside in achievable market rents, this asset delivers a compelling value-add opportunity for investors seeking both immediate income growth and long-term appreciation. Residents benefit from walkable access to fine dining, boutique shopping, and a wealth of entertainment options—solidifying the property’s position in one of the San Fernando Valley’s most in-demand rental markets. This is a rare chance to acquire a legacy asset in a prime Encino location—stable, well-maintained, and positioned for its next chapter of growth.