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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,580,000

Est. payment | -/mo

5 Beds

8 Baths

3,748 SqFt

Save

$ 1,580,000

Est. payment | -/mo

Save

5 Beds

8 Baths

3,748 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,748 sqft

Price per Sqft $421

MLS Listing ID 26852705

Bedrooms 5

HOA Y/N No

Year Built 1957

Lot Size 5,501 Sqft

Property Description

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 standalone 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 2 two bedrooms, 1 one bedroom, 4 studios layout. 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.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR3

Interior

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Attached Carport, Carport, Driveway

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2344009004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Eliyahu Appel Equity Union #01918652

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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13444 Burbank BLVD Sherman Oaks, CA 91401