14254 Burbank Blvd
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14254 Burbank Blvd
12 Unit Apartment Building $2,850,000 ($237,500/Unit) 4.66% Cap Rate Van Nuys, CA 91401
Investment Highlights
- Excellent Sherman Oaks Location
- Great unit mix of (8) units 1 Bed and 1 Bath (4) units 2 Bed and 1.5 Bath
- LA City Soft Story Retrofit Completed
- Corner Property with Great Visibility
- Minutes to Sherman Oaks Recreation Center & Westfield Fashion Square
Executive Summary
We are proud to present this 12-unit apartment building in an excellent Sherman Oaks location. The property was built in 1958 and is subject to LA City Rent Control. There is an excellent unit mix that includes (8) units of one bed and one bath and (4) units of two bed and one half bath.
Residents enjoy spacious floorplans, a pool with a courtyard, covered and open parking as well as on-site laundry facility.
The property is minutes from the endless dining, shopping, and entertainment options on Ventura Blvd. The Sheman Oaks Recreation Center and Westfield Fashion Square are also close by. Access to the 101 and 405 Freeway’s is nearby, which provides easy access to the surrounding area and job opportunities.
This is a great opportunity to own a well-located building on a corner lot with great upside potential.
Residents enjoy spacious floorplans, a pool with a courtyard, covered and open parking as well as on-site laundry facility.
The property is minutes from the endless dining, shopping, and entertainment options on Ventura Blvd. The Sheman Oaks Recreation Center and Westfield Fashion Square are also close by. Access to the 101 and 405 Freeway’s is nearby, which provides easy access to the surrounding area and job opportunities.
This is a great opportunity to own a well-located building on a corner lot with great upside potential.
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$235,575
|
$18.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,067
|
$0.56
|
| Effective Gross Income |
$228,508
|
$18.00
|
| Taxes |
$35,625
|
$2.81
|
| Operating Expenses |
$60,048
|
$4.73
|
| Total Expenses |
$95,673
|
$7.53
|
| Net Operating Income |
$132,835
|
$10.46
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $235,575 |
| Annual Per SF | $18.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,067 |
| Annual Per SF | $0.56 |
| Effective Gross Income | |
|---|---|
| Annual | $228,508 |
| Annual Per SF | $18.00 |
| Taxes | |
|---|---|
| Annual | $35,625 |
| Annual Per SF | $2.81 |
| Operating Expenses | |
|---|---|
| Annual | $60,048 |
| Annual Per SF | $4.73 |
| Total Expenses | |
|---|---|
| Annual | $95,673 |
| Annual Per SF | $7.53 |
| Net Operating Income | |
|---|---|
| Annual | $132,835 |
| Annual Per SF | $10.46 |
Property Facts Under Contract
| Price | $2,850,000 | Apartment Style | Low Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.66% | Building Size | 12,698 SF |
| Gross Rent Multiplier | 12.1 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,850,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 12.1 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 12,698 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.95/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,449 | - |
| 2+1.5 | 4 | $2,010 | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2245-023-003 | Total Assessment | $1,407,430 |
| Land Assessment | $423,138 | Annual Taxes | $35,625 ($2.81/SF) |
| Improvements Assessment | $984,292 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2245-023-003
Land Assessment
$423,138
Improvements Assessment
$984,292
Total Assessment
$1,407,430
Annual Taxes
$35,625 ($2.81/SF)
Tax Year
2024
zoning
| Zoning Code | LAR3 (Multiple Dwelling) |
| LAR3 (Multiple Dwelling) |
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14254 Burbank Blvd
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