17340 Burbank Boulevard new Save Request In-Person Tour Request Virtual Tour
Encino (los Angeles),CA 91316
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 24,730 sqft
Price per Sqft $262
MLS Listing ID CL25579221
HOA Y/N No
Year Built 1964
Lot Size 0.652 Acres
Acres 0.65
Property Sub-Type Other
Property Description
17340 Burbank Blvd presents an exceptional multifamily investment opportunity in the heart of Encino, adjacent to the highly desirable neighborhoods of Sherman Oaks, Tarzana, and Van Nuys. Offered for the first time in over 50 years, this property combines a premier location with significant upside potential. The property consists of 24,370 square feet of improvements situated on an expansive 28,394 square-foot lot, offering strong curb appeal and potential for future development or amenity enhancements. The community features a diverse and desirable unit mix of Fourteen 1BR/1BA, Twelve 2BR/2BA, and One 3BR/2BA residences appealing to a wide range of renters. Each residence is equipped with central air conditioning, and many include private balconies. Tenants enjoy a sparkling community pool and the security and convenience of gated parking, enhancing comfort, lifestyle, and retention. Separately metered gas and electric further maximize operational efficiency for ownership. With approximately 30% upside in achievable market rents, this asset offers a compelling value-add opportunity for investors seeking both immediate income growth and long-term appreciation. Residents benefit from walkable access to fine dining, boutique shopping, and abundant entertainment options solidifying
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 2254036023