Valley Village, CA 91607,11940 Burbank Boulevard
Valley Village, CA 91607,11940 Burbank Boulevard
Valley Village, CA 91607,11940 Burbank Boulevard
$6,100,000
Est. payment /mo
$6,200,000
1.6%
Est.Price: ?

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5 Beds
7 Baths
0.55 Acres Lot
SOLD DATE : 10/26/2023

Key Details

Sold Price $6,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR23110612

Sold Date 10/26/23

Bedrooms 5

HOA Y/N No

Lot Size 0.549 Acres

Property Description

We are proud to represent this 22unit apartment building in Valley Village. The building was constructed in 1960. Its unit mix consists of (1) studio unit, (12) one-bedroom, one-bathroom units, and (9) two-bedroom, two-bathroom units. With a lot size of 23,906 square feet, the property has a total of 18,661 rentable square feet. The building has numerous upgrades including a $60,000 new roof, new landscaping, new paving, new front entry door, and LED lighting. The property has significant upside in existing rents. The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.
We are proud to represent this 22unit apartment building in Valley Village. The building was constructed in 1960. Its unit mix consists of (1) studio unit, (12) one-bedroom, one-bathroom units, and (9) two-bedroom, two-bathroom units. With a lot size of 23,906 square feet, the property has a total of 18,661 rentable square feet. The building has numerous upgrades including a $60,000 new roof, new landscaping, new paving, new front entry door, and LED lighting. The property has significant upside in existing rents. The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.

Location

State CA

County Los Angeles

Area Valley Village (91607)

Zoning Assessor

Exterior

Pool Community/Common

Building

Story 2

Others

Monthly Total Fees $261

Acceptable Financing Cash

Space Rent $1,422

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Cindy Hill • Equity Union
Bought with Cindy Hill • Equity Union
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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