A panoramic view of a city skyline near 18620 Burbank, with tall buildings under a cloudy sky and distant mountains.

Closed Listing

11 Units in Tarzana Sold @ 14.71 GRM & 4.16% CAP

18620 burbank

sold in

Tarzana

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

Price P/ Unit

$352,272

Price p/ Sq. ft.

$337

Proforma Cap Rate

6.11%

Contact

Sales agent

MEET THE TEAM

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Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.