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$ 5,390,000
Est. payment /mo
New
12344 Burbank Valley Village, CA 91607
0.37 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26227029
HOA Y/N No
Year Built 1959
Lot Size 0.368 Acres
Property Sub-Type Apartment
Property Description
Located on the southwest corner of Burbank Boulevard and Corteen Place in the highly desirable Valley Village neighborhood, 12344 Burbank Boulevard presents an outstanding opportunity to acquire a true pride-of-ownership apartment community featuring spacious units, an attractive unit mix, and substantial capital improvements.
Built in 1960, the property consists of approximately 17,722 square feet Of building area on an approximately 16,016-square-foot lot. The well-balanced unit mix includes seven (7) one-bedroom/one- bathroom units, one (1) two-bedroom/one-bathroom unit, five (5) two-bedroom/two-bathroom units, and five (5) three-bedroom/ two-bathroom units. The generous layouts, including a desirable selection of two- and three-bedroom residences, appeal to a broad range of renters seeking additional space and functionality.
The property reflects a strong commitment to maintenance and improvements, with 16 of the 18 units completely remodeled. Additional upgrades include copper plumbing, upgraded electrical subpanels throughout, a completed earthquake soft-story retrofit, newer windows, and a roof approximately three years old. The swimming pool has also been redone, while an on-site laundry facility provides added convenience for residents.
Adding another dimension to the investment, seven (7) of the 18 units are currently operated under an alternative rental model, offering prospective ownership nexibility in evaluating management approaches and future leasing strategies, subject to applicable regulations and lender requirements.
Built in 1960, the property consists of approximately 17,722 square feet Of building area on an approximately 16,016-square-foot lot. The well-balanced unit mix includes seven (7) one-bedroom/one- bathroom units, one (1) two-bedroom/one-bathroom unit, five (5) two-bedroom/two-bathroom units, and five (5) three-bedroom/ two-bathroom units. The generous layouts, including a desirable selection of two- and three-bedroom residences, appeal to a broad range of renters seeking additional space and functionality.
The property reflects a strong commitment to maintenance and improvements, with 16 of the 18 units completely remodeled. Additional upgrades include copper plumbing, upgraded electrical subpanels throughout, a completed earthquake soft-story retrofit, newer windows, and a roof approximately three years old. The swimming pool has also been redone, while an on-site laundry facility provides added convenience for residents.
Adding another dimension to the investment, seven (7) of the 18 units are currently operated under an alternative rental model, offering prospective ownership nexibility in evaluating management approaches and future leasing strategies, subject to applicable regulations and lender requirements.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Interior
Fireplace No
Laundry Common Area
Exterior
Pool Community
Community Features Curbs, Sidewalks, Pool
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2347007024
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Anthony Boyajian Keller Williams Realty-Studio City 818-324-7639, DRE #01877967
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