NOT LISTED FOR SALE

14134 Burbank Blvd Sherman Oaks, CA 91401

Sherman Oaks Neighborhood
8 Beds
6 Baths
13,594 Sq Ft
0.36 Acres

Last Sold October 26, 2018

Last sale price $3,970,000 $292 Per Sq Ft

19 Days on Market

Highlights

  • In Ground Pool
  • 15,851 Sq Ft lot
  • Laundry Room
  • Chandler Elementary Rated A-
  • Private Yard

About This Home

As of October 2018

This is a well-appointed 17-unit apartment complex at 14134 Burbank Boulevard, Sherman Oaks, California. Situated in a great location just west of Hazeltine Avenue, the property is comprised of one 2-bedroom and 1-bathroom, four 2-bedroom and 1½ -bathroom, one 2-bedroom and 1½ 2-bathroom with townhouse layout, five 1-bedroom and 1-bathroom with townhouse layout, two 1-bedroom and 1-bathroom, and four single units, that together come to more than 13,500 square feet of rentable space on 15,851 square feet of land. The complex has been well maintained since it was built in 1963 and is currently undergoing the manditory update required by the Los Angeles Department of Building and Safety also known as Soft-Story Retrofit. The roof was replaced in 2014 and all vertical pipes in the building have been upgraded with copper. Some of the amenities this building has to offer its residents are an on-site laundry facility and 16 parking spaces. Easy to manage, this property is separately metered for gas and electricity.
Centrally located just east of Van Nuys Boulevard this complex sits minutes from the 405, 101 and 170 Freeways.

Last Listed By

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 08/17/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 16 Car Garage

Home Design

  • 13,594 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • In Ground Pool

Listing and Financial Details

  • Tax Lot 341
  • Tax Tract Number 1000
  • Assessor Parcel Number 2245026019

Community Details

Overview

  • 3 Buildings
  • 17 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • Electric Expense $1,479
  • Fuel Expense $3,509
  • Gardener Expense $1,440
  • Insurance Expense $5,438
  • Maintenance Expense $12,750
  • Other Expense $6,120
  • Pest Control $720
  • Pool Expense $1,800
  • Professional Management Expense $7,597
  • Trash Expense $7,692
  • Water Sewer Expense $10,000
  • New Taxes Expense $51,250
  • Operating Expense $109,795
  • Gross Income $258,372
  • Net Operating Income $143,429

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

16

Listing Details

  • CapRate: 3.50
  • Professional Management Expense: 7597.00
  • Property Attached: Yes
  • Water Sewer Expenses: 10000.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 2245026019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 292.04

Exterior Features

  • Pool Expense: 1800.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 7692.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 15851.00

Multi Family

  • Electric Expense: 1479.00
  • Fuel Expense: 3509.00
  • Gross Income: 258372.00
  • Gross Multiplier: 15.93
  • Gross Scheduled Income: 257412.00
  • Insurance Expense: 5438.00
  • Laundry Income: 960.00
  • Maintenance Expense: 12750.00
  • Net Operating Income: 143429.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 109795.00
  • Other Expense: 6120.00
  • Rent Control: Yes
  • Total Expenses: 109795.00

Tax Info

  • New Taxes Expense: 51250.00
  • Tax Lot: 341
  • Tax Tract Number: 1000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $3,970,000 -3.2% $292 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $4,100,000 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Reza Ghobadi

    Seller's Agent in 2018

    Reza Ghobadi

    Reza Ghobadi

    (818) 793-2923

    3 in this area

    18 Total Sales

    Reza Ghobadi
    Section Image
  • Cindy Hill

    Buyer's Agent in 2018

    Cindy Hill

    Equity Union

    (818) 640-8360

    1 in this area

    74 Total Sales

    Cindy Hill
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18201357

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Sherman Oaks 91401 Sherman Oaks

14134 Burbank Blvd, Sherman Oaks, CA

Homes for Sale in Sherman Oaks, CA

This home is located at 14134 Burbank Blvd, Sherman Oaks, CA 91401 since 17 August 2018. This property was built in 1963. 14134 Burbank Blvd is a home located in Los Angeles County with nearby schools including Chandler Elementary, Van Nuys High School, and Ararat Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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