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11940 Burbank Boulevard
Valley Village, CA 91607


Property Remarks

Exclusively offered for sale by JML Real Estate Group/KW Commercial is the Burbank Apartments. The subject property is being offered for the 1ST TIME since being purchased from the original developer. 11940 Burbank Blvd is a charming 22 unit apartment building in highly desirable Valley Village with a wonderful unit mix of one (Guest Room) twelve (1+1) and nine (2+2). This is a great re-position opportunity for an investor with 100% of the units below market rents in addition to the potential opportunity to increase profits through experienced management and operations. Furthermore property amenities include; laundry room, secured entry, balconies/patios, pool, and common area patio.

Property Details

MLS#
SR18034189
Days on Market
20
Year Built
1960
Building/Living Area (sq ft)
18,661
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Valley Village (VVL)

Presented By:

Listing provided courtesy of Jared Levine , Keller Williams Realty Calabasas


Exterior

Lot Acreage
0
Paved
No
Waterfront
No

Pool
Community Pool

Interior

Laundry
Community

Additional Property Details

Number of Units
22
Number of Buildings
1
Total Expense
$159,736
ADA Compliance
No

Lot Description
Sidewalks
Lot-Level/Flat
Water
Water District
Public

Valley Village

Originally part of North Hollywood, Valley Village is a small community with tree-lined streets and simple residential charm.

Real Estate: Valley Village has a wide variety of single-family homes for sale, including two-story homes with pools. Some larger estates are located in the area.  There are also many condo and townhouse units available for sale. Apartments are available along Riverside Drive including IMT Valley Village.

Community Life:  Streets are lined with mature magnolia, pine, oak, and elm trees.  Magnolia Boulevard and Laurel Canyon Boulevard are home to plenty of fun restaurants including the Steampunk Coffeebar. Valley Village is conveniently located near North Hollywood and Studio City. There are several local parks including Valley Village Park which is located across the freeway from the much larger North Hollywood Park. Valley Village is represented by the Neighborhood Council Valley Village, which connects Valley Village residents with city hall.

Education: Valley Village is served by the Los Angeles Unified School District including Burbank Boulevard Elementary, North Hollywood Senior High, and Amelia Earhart Continuation.  Local private schools include Oakwood Secondary, The Country School, and Beth Hillel Day.

Transportation: Valley Village is easily accessed by the 101 Freeway. It is served by the Laurel Canyon Orange Line Station and several Metro bus lines.

Local Attractions:  Valley Village is primarily a residential neighborhood. Most of the local attractions can be found in nearby areas including North Hollywood and Universal City.

Community Explorer

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