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11908 Burbank BLVD Valley Village, CA 91607
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Key Details
Sold Price $8,160,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,588 sqft
Price per Sqft $377
MLS Listing ID 21765600
Sold Date 10/08/21
HOA Y/N No
Year Built 1956
Lot Size 0.770 Acres
Acres 0.77
Property Description
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)
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LAR3
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Heating WallFurnace
Fireplace No
Laundry CommonArea
Exterior
Garage Covered, Gated, Uncovered
Parking Type Covered, Gated, Uncovered
Building
Story 2
Others
Senior Community No
Tax ID 2348002029
Special Listing Condition Standard
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Bought with Brett Sanson • Marcus & Millichap