12344 Burbank, Valley Village, CA 91607
12344 Burbank, Valley Village, CA 91607
12344 Burbank, Valley Village, CA 91607
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,390,000
Est. payment /mo
0.37 Acres Lot
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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.

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

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Listed by Anthony Boyajian Keller Williams Realty-Studio City 818-324-7639, DRE #01877967

NEARBY SCHOOL & BUSINESS

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