13444 Burbank Boulevard, Sherman Oaks, CA 91401
Local realty services provided by:ERA North Orange County Real Estate
13444 Burbank Boulevard,Sherman Oaks, CA 91401
$1,580,000
- 5 Beds
- 8 Baths
- 3,748 sq. ft.
- Multi-family
- Active
Listed by: eliyahu appel
Office: equity union818-989-2000
MLS#:26852705
Source:CRMLS
Price summary
- Price:$1,580,000
- Price per sq. ft.:$421.56
About this home
13444 Burbank Blvd offers investors the opportunity to acquire a seven-unit multifamily asset in a central Sherman Oaks location, positioned along one of the San Fernando Valley's most connected east-west corridors.The property combines stable in-place income, clear rental upside, and an attractive basis in one of the Valley's most consistently desirable rental markets. Currently generating a 5.50% current cap rate, the asset offers investors a clear path to improved performance, with projected market rents supporting an estimated 8.36% market cap rate and a reduction from an 11.98x current GRM to an 8.93x market GRM. A major differentiator is the front unit, which offers a rare house-like living experience within a multifamily setting. Featuring its own private front yard and tandem parking spaces directly in front, the unit provides the feel and functionality of a standalone home while still benefiting from the income generated by the remaining units. This creates a compelling opportunity for an owner-user to occupy the front unit, enjoy a more private residential environment, and offset ownership costs through rental income.The unit mix includes a combination of 2 two bedrooms, 1 one bedroom, 4 studios layout. The property has undergone meaningful capital improvements, including a full copper pipe upgrade throughout, reducing long-term maintenance and utility costs for a new owner. Three units have been renovated within the past three years, featuring upgraded flooring, countertops, windows, and light fixtures, providing a clear renovation blueprint for repositioning the remaining units and capturing the embedded rent upside. Select units benefit from desirable tenant features including parking, front and rear access, outdoor space, patio areas, and central A/C, creating a more livable experience than typical small-unit apartment product. The value-add story is clear and measurable. Current scheduled gross income is approximately $131,916 annually, while projected market income reaches approximately $178,500 annually, representing meaningful embedded rental upside. With one single unit currently vacant, a new investor has the ability to begin improving income immediately while continuing to reposition the remaining units over time....
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Home facts
- Year built:1957
- Listing ID #:26852705
- Added:1 day(s) ago
- Updated:June 30, 2026 at 08:32 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:8
- Kitchen Description:Refrigerator
- Living area:3,748 sq. ft.
Structure and exterior
- Year built:1957
- Building area:3,748 sq. ft.
- Lot area:0.13 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,580,000
- Price per sq. ft.:$421.56
Features and amenities
- Appliances:Refrigerator
Parking
- Total parking spaces:7
- Parking description:Attached Carport, Carport, Driveway
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