
Closed Listing
11 Units in Tarzana Sold @ 14.71 GRM & 4.16% CAP
18620 burbank
sold in
Tarzana
Sold At
$
3,875,000
11
Number of Units
1988
Year Built
9,143
SF
Square Footage
11,500
SF
Lot Size
LAR3
Zoning
18620 Burbank Boulevard, Tarzana, CA 91356
About the Property
8620 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.
11
Number of Units
1988
Year Built
9,143
SF
Square Footage
11,500
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$352,272
Price p/ Sq. ft.
$337
Proforma Cap Rate
6.11%




Contact
Sales agent
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