• 3 Beds
  • 3 Baths
  • 11,500 sq ft
  • 9,143 lot
  • $3,995,000
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18620 Burbank Blvd. offers investors the opportunity to own a extremely well-maintained multi-family property in a highly desirable neighborhood. This 11-unit apartment building includes subterranean parking, controlled access, and offers high-quality apartment units and common areas. Tarzana is one of the most popular Los Angeles suburbs and is located in the heart of the San Fernando Valley. Surrounded by many popular markets, stores, and restaurants, the area is extremely desirable for all ages. Conveniently located near the 101 Freeway, this property is 15 miles from Beverly Hills and 21 miles from Downtown Los Angeles. The unit mix consists of ten 2 bed 2 bath units and one 1 bed 1 bath unit. More than half of the units' rents are significantly below market rent giving investors the opportunity to increase their income rather quickly by 45% or higher. Financials based on 2019 expenses.
MLS #SR20192121Days on Market39
Last Updated10/14/2020Year Built1988
CommunityTarzanaGarage Spaces22
CountyLos AngelesTotal Parking22
StatusPendingProperty Type(s)Residential Income

Additional Features & Details

Accessibility Features
  • Parking
Appliances
  • Dishwasher
  • Gas & Electric Range
  • Microwave
  • Refrigerator
  • Water Heater Central
Assessments
  • None
Building Area Units
  • Square Feet
Common Interest
  • None
Common Walls
  • 2+ common walls
  • End Unit
  • No one above
  • No one below
Community Features
  • Street Lights
  • Suburban
  • Valley
Construction Materials
  • Concrete
  • Stucco
Cooling
  • Central Air
Door Features
  • Atrium Doors
  • Panel Doors
  • Sliding Doors
Electric
  • Standard
Elevation Units
  • Feet
Fencing
  • Excellent Condition
Fireplace Features
  • Living Room
Flooring
  • Brick
  • Carpet
  • Concrete
  • Tile
  • Vinyl
  • Wood
Heating
  • Forced Air
Interior Features
  • Built-in Features
  • Living Room Balcony
Laundry Features
  • Common Area
Levels
  • Two
Lot Features
  • 11-15 Units/Acre
  • Lot 6500-9999
Lot Size Source
  • Assessor
Lot Size Units
  • Square Feet
Major Change Type
  • Pending
MLSArea Major
  • TAR - Tarzana
Parking Features
  • Assigned
  • Gated
  • Subterranean
Pool Features
  • None
Previous Standard Status
  • Active Under Contract
Property Condition
  • Turnkey
Property Type
  • Residential Income
Road Frontage Type
  • City Street
Road Surface Type
  • Maintained
  • Paved
Roof
  • Composition
  • Flat
  • Rolled/Hot Mop
Room Type
  • Kitchen
  • Living Room
Security Features
  • Automatic Gate
  • Card/Code Access
Sewer
  • Public Sewer
Spa Features
  • None
Special Listing Conditions
  • Standard
Standard Status
  • Pending
Utilities
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Sewer Available
  • Water Available
View
  • Neighborhood
  • Valley
Water Source
  • Public
Year Built Source
  • Assessor

Neighborhood Map

Walk Score for: 18620 Burbank Boulevard, Tarzana, CA

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Listing provided by : Justin Seigel License # 02104699, ADR/Preferred Bus.Prop

Based on information from CRISNet MLS as of 10/25/20 11:00 PM PDT. 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

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