Sold
11908 Burbank Boulevard
Valley Village CA, 91607
$8,160,000
$377.99 per sqft
Sold
21,588 sqft
Residential
Built in 1956
Great opportunity to own a 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, the property is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Single. The property is situated on a large lot on the corner of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking (43 total spaces), nicely landscaped courtyard, and an on-site laundry facility. With good upside in rents, a new owner can continue to renovate units and increase cash flow as units turn. Furthermore, there is potential to redevelop the property given the corner location and large33,748- SF Lot, Zoned LAR3***The LA City Soft Story Retrofit work has been completed (Buyer to Verify)
21765600
MLSⓇ ID
February 16, 2024
Updated
Map
11908 Burbank Boulevard
Valley Village CA, 91607
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.77 Acres
Other Property Details
Area Name
VVL - Valley Village
Days on Market
26
Garage
No
Parking
Covered, Gated, Uncovered
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Brett Sanson, Marcus & Millichap, CA DRE 01387480
Listing Contact: 818-212-2785
Based on information from the CRISNet MLS as of 2/16/2024, 3:46 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
©2024 CRISNet MLS. All rights reserved.