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.
Listing provided courtesy of
, Keller Williams Realty Calabasas
Additional Property Details
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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.
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