Listed price in listed location currency (USD).
$1,580,000

587

MLS® 26852705

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3748 sqft
Garage 
Taxes 
Days Active 1
Lot Size 0.1263 Acres
Approx. Age 1957
Avg. Price Per Sqft $421
MLS® Number 26852705

Property Address: 13444 Burbank Blvd, Sherman Oaks, CA, 91401-5312

Average square foot calculated using Size range provided by listing agent.

Description

13444 Burbank Blvd offers investors the opportunity to acquire a seven-unit multifamily asset in a central Sherman Oaks location, positioned along one of the San Fernando Valley's most connected east-west corridors.The property combines stable in-place income, clear rental upside, and an attractive basis in one of the Valley's most consistently desirable rental markets. Currently generating a 5.50% current cap rate, the asset offers investors a clear path to improved performance, with projected market rents supporting an estimated 8.36% market cap rate and a reduction from an 11.98x current GRM to an 8.93x market GRM. A major differentiator is the front unit, which offers a rare house-like living experience within a multifamily setting. Featuring its own private front yard and tandem parking spaces directly in front, the unit provides the feel and functionality of a standalone home while still benefiting from the income generated by the remaining units. This creates a compelling opportunity for an owner-user to occupy the front unit, enjoy a more private residential environment, and offset ownership costs through rental income.The unit mix includes a combination of 2 two bedrooms, 1 one bedroom, 4 studios layout. The property has undergone meaningful capital improvements, including a full copper pipe upgrade throughout, reducing long-term maintenance and utility costs for a new owner. Three units have been renovated within the past three years, featuring upgraded flooring, countertops, windows, and light fixtures, providing a clear renovation blueprint for repositioning the remaining units and capturing the embedded rent upside. Select units benefit from desirable tenant features including parking, front and rear access, outdoor space, patio areas, and central A/C, creating a more livable experience than typical small-unit apartment product. The value-add story is clear and measurable. Current scheduled gross income is approximately $131, 916 annually, while projected market income reaches approximately $178, 500 annually, representing meaningful embedded rental upside. With one single unit currently vacant, a new investor has the ability to begin improving income immediately while continuing to reposition the remaining units over time.
MLS® Number26852705
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1957
Basement
DrivewayAttached Carport, Carport, Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 30, 2026List Date
$1,580,000List Price
  • Commute

Commute

Starting Address
Destination Address
13444 Burbank Blvd, Sherman Oaks, CA

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