18620 Burbank Blvd - Apartments FOR SALE


Tarzana, CA 91356
$4,450,000 USD
310-968-7005
18620 Burbank Blvd, Tarzana, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/14
null | 4.77% Cap Rate

18620 Burbank Blvd
Tarzana, CA 91356


HIGHLIGHTS

  • Condo-quality 11-unit asset in the heart of Tarzana, positioned 2 blocks north of Ventura Blvd. and approx. 0.3 miles from Tarzana Village.
  • Built in 1988 and not subject to LA rent control, with rents governed by the CA statewide rent cap, subject to buyer verification.
  • Unit mix of (10) 2+2 and (1) 1+1.5 townhouse-style unit, offering larger layouts suited for roommates small households, and young professionals.
  • Recent improvements include a new roof, water heater replacement, garage gate work, security cameras, and (6) HVACs replacements and more.
  • Located approx. 0.8 miles from Providence Cedars-Sinai Tarzana Medical Center and within reach of Pierce College, CSUN, Reseda Blvd., and the 101 Fwy.
  • Potential future condo conversion opportunity supported by larger layouts, private balconies, secured parking, and controlled access.

OVERVIEW

18620 Burbank Blvd. presents an 11-unit, condo-quality multifamily asset in the heart of Tarzana, located 2 blocks north of Ventura Blvd. and approx. 0.3 miles from Tarzana Village. Offered at $4,450,000, the property combines 1988 construction, a larger-unit profile, and a walkable Valley location with direct access to one of Tarzana's most practical commercial corridors. Built in 1988, the property is not subject to Los Angeles rent control, subject to buyer verification. The unit mix is one of the property's strongest attributes, with (10) 2-bdrm. / 2-bath units and (1) 1-bdrm. / 1.5-bath townhouse-style unit. Select interiors are well maintained and feature stainless-steel appliances, granite countertops, recessed lighting, white cabinetry, fireplaces, private balconies, and a mix of hard-surface flooring and carpeted bedrooms. Ownership has completed approx. $122,700 in recent capital improvements, further supporting the property's turnkey profile. Major projects include a new roof, six new HVAC units, replacement of the hot water heater, common area LED lighting, replacement of the common area carpet, removal of the popcorn ceiling in the common areas, a new security camera system, and a new control board for the garage gate. The location strengthens the ownership story. Ventura Blvd. and Tarzana Village provide a practical mix of restaurants, cafes, markets, fitness uses, and daily-use services within walking distance, while Reseda Blvd. and the 101 Freeway connect residents throughout the San Fernando Valley. Providence Cedars-Sinai Tarzana Medical Center, located approx. 0.8 miles away, remains one of the area's most important employment anchors, reinforcing demand from healthcare workers, professional service employees, and long-term Valley residents. Additional long-term optionality may exist through a future condo conversion, supported by the property's larger 2-bdrm. / 2-bath layouts, private balconies, secured parking, and controlled-access configuration, subject to buyer verification. The combination of condition, layout, location, and rent-control positioning gives investors a practical long-term hold in one of the San Fernando Valley's most established residential pockets.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

11

PRICE/UNIT

$404,545

CAP RATE

4.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units w/ No LA Rent Control in Tarzana

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,143 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2160-005-021

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

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