Daniel W Withers

Marcus & Millichap is pleased to announce the opportunity to purchase 14239 Gilmore Street, an eight-unit multifamily property in Van Nuys, CA. Because it was constructed in 1986, the property is not subject to Los Angeles Rent Control, instead allowing for larger annual rent increases under California AB1482. A new investor can capitalize on the fact that current rents have ample room for growth, as they currently sit approximately 64% below market rates. Listed at an attractive price per unit and price per square foot, this asset presents an opportunity to add significant value as cash flows rapidly increase due to its higher allowable rent raises. The property is not on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), saving a new investor a substantial amount of proceeds. Tenants enjoy ample covered parking, while additional income is provided via the on-site laundry facilities. Situated one block north of Victory Boulevard, between Van Nuys Boulevard and Hazeltine Avenue, the property lies in the heart of Van Nuys. This location allows tenants to be within blocks of the upcoming East San Fernando Valley Light Rail line, with a station planned for the corner of Victory Boulevard and Van Nuys Boulevard. In addition to providing quick transport within the Valley, this light rail line will offer residents convenient connections to both the Metrolink train and the Metro Orange and Red Lines. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.Marcus & Millichap is pleased to announce the opportunity to purchase 14239 Gilmore Street, an eight-unit multifamily property in Van Nuys, CA. Because it was constructed in 1986, the property is not subject to Los Angeles Rent Control, instead allowing for larger annual rent increases under California AB1482. A new investor can capitalize on the fact that current rents have ample room for growth, as they currently sit approximately 64% below market rates. Listed at an attractive price per unit and price per square foot, this asset presents an opportunity to add significant value as cash flows rapidly increase due to its higher allowable rent raises. The property is not on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), saving a new investor a substantial amount of proceeds. Tenants enjoy ample covered parking, while additional income is provided via the on-site laundry facilities. Situated one block north of Victory Boulevard, between Van Nuys Boulevard and Hazeltine Avenue, the property lies in the heart of Van Nuys. This location allows tenants to be within blocks of the upcoming East San Fernando Valley Light Rail line, with a station planned for the corner of Victory Boulevard and Van Nuys Boulevard. In addition to providing quick transport within the Valley, this light rail line will offer residents convenient connections to both the Metrolink train and the Metro Orange and Red Lines. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station. All units have various upgrades and it's own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice. The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors. Total annual gross income for the property is $155,085

8407 Cedros Ave is a 16 beds, 7,188 Sqft commercial built in 1964 on a 7,545 Sqft lot and located in the Panorama City neighborhood in Panorama City. View the property estimate, details, and search for more land and homes nearby on Movoto.

Consisting entirely of two-bedroom apartments, the property may be repositioned by a new investor to recapture the approximately 62% in rent upside. Under the same family ownership for the past 60 years, the asset presents an opportunity to either upgrade the existing structures or potentially redevelop the parcel, given its LAR3 zoning, Tier 1 TOC status, and ED1 eligibility. Situated near the corner of Vanowen Street and Woodman Avenue, tenants at the property will soon be within a short distance of the upcoming East San Fernando Valley Light Rail line, with a new station planned for the corner of Vanowen Street and Van Nuys Boulevard. In addition to providing quick transport within the Valley, this light rail line will offer residents convenient connections to both the Metrolink train and the Metro Orange and Red Lines. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

Marcus & Millichap is pleased to announce the opportunity to purchase 5700-5704 La Mirada Avenue, a 13-unit multifamily property located in the Hollywood district of Los Angeles, CA. With four separate buildings spanning two parcels, the property occupies a total of 15,090 land square feet on the corner of Wilton Place and La Mirada Avenue. The existing assets are available for an attractive 10.98 GRM with approximately 16% rent upside, in addition to potential future development possibilities adding flexibility to an investor’s exit strategy. The large lot is zoned LAR3 and sits in a Tier 2 TOC area, while also holding ED1 eligibility.Located near Sunset Boulevard, the property provides tenants with convenient access to several Hollywood destinations as well as the rest of the Los Angeles metro, via the nearby 101 Freeway. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus.The property is just north of Paramount Studios, the Hollywood Forever Cemetery, and Melrose Hill. The Melrose Hill neighborhood was recently named Los Angeles’ Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Café Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.

Multi Family Property 3 Units. located in the Canyon Rim Villas, Consits of a 3-bedroom 2 Bath Unit a 2-bed 2 bath and a 1-bedroom 1 Bath , Community HOA Pool, Walking Distance to Anaheim Hills Golf Course and Anaheim Hills Plaza. Located close by also Anaheim Hills Library. 3 bedroom renovated about 3 1/2 years ago 91 Fwy. close by. all units have Washer and Dryer Hook Ups

Situated near the intersection of Van Nuys Boulevard and Victory Boulevard, the property is just three blocks from the upcoming East San Fernando Valley Light Rail development that is slated to open in 2030. This new transit project will connect the Metro Orange Line, which runs just four blocks south of the property, with the cities of Sylmar and San Fernando, while the 14 proposed stations along the line will also connect with Amtrak, Metrolink, and Antelope Valley rail lines. Many expect the project to significantly boost local property values as new retailers enter the area and as local residents enjoy more diverse and convenient commuting options. Constructed in 1964, the building spans 8, 957 gross square feet, housing nine spacious apartments. Current rents sit approximately 40% below local market rates, allowing a new owner to add significant value by recapturing this rent upside. An investor can also benefit from the on-site parking and laundry facilities, each of which provide an additional revenue stream. The plumbing has been upgraded with copper pipes, while the owner installed two new water heaters in 2022. Most of the apartments have been remodeled with new wood flooring, new stone countertops, new stainless steel appliances, and upgraded bathrooms, while select units also feature mini-split HVAC units, recessed lighting, or decorative tile backsplashes. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60, 000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

By use code: Residential - Five or More Units or Apartments (Any Combination) - 4 Stories or Less

10136 Silverton Ave is a 12 beds, 5,120 Sqft commercial built in 1964 on a 6,574 Sqft lot and located in the Sunland-Tujunga neighborhood in Tujunga. View the property estimate, details, and search for more land and homes nearby on Movoto.

PRICE REDUCTION -- BRING ALL OFFERS. 1120 Logan Street is located steps away from the newly updated and ever-popular Echo Park Lake. The total building square footage is 4,912 on a 6,269 square foot lot. The property consists of eight units, with a mix of two (2) 2 bedroom / 1 bath units and six (6) 1 bedroom / 1 bath units. The location offers renters the ability to walk to many of Echo Park's most sought-after venues and attractions. Can be purchased in conjunction with:1330 Liberty Street (9 Units in Echo Park) and 1819 Montrose Street (4 Units in Echo Park).

Marcus & Millichap is pleased to announce the opportunity to purchase 5380-5390 Romaine Street, a 10-unit multifamily property located in the Melrose Hill district of Hollywood, CA. Spread over three buildings on one large 10,319 parcel, the property contains exclusively two-bedroom apartments. While six of those units were constructed in 1922, four units were added in 1988. A new investor may be able to continue the current program of upgrading unit interiors, which has established rent benchmarks at $2,383- $2,495. In total, there may be approximately 46% rent upside among the remaining below-market units.Situated near the intersection of Santa Monica Boulevard and Western Avenue, the property lies just east of Paramount Studios and the Hollywood Forever Cemetery. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The Melrose Hill neighborhood was recently named Los Angeles’ Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Café Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.

The Barton Apartments consist of 5 units in total, along with recently approved plans for 1 additional ADU! The additional ADU would be a 2 bedroom unit! Four of the five units now are fully upgraded units. One of the five has cosmetic upgrades. Upon completing the ADU, buyer would be able to receive an additional $3,200/month projected income. The property is conveniently located in a prime pocket of Hollywood and is surrounded with various shops, eateries, and restaurants. The centralized location makes the property minutes from many of LA's most visited neighborhoods like Larchmont Village, Miracle Mile, Hollywood Walk of Fame, and much much more. The front structure consists of four 1 bedroom 1 bathroom units, and back structure consists of one 2 bedroom 1 bathroom house. The total square footage for the property (not counting the additional ADU when constructed) is 2,816. Low property expenses and easy management makes the Barton Apartments a desirable investment for both an experienced investor or first-time buyer, in a neighborhood that's constantly growing and flourishing.

Marcus & Millichap is pleased to announce the opportunity to purchase 11412 Victory Boulevard, a four-unit multifamily property located near the NoHo Arts District in North Hollywood, CA. Situated one parcel from the intersection of Tujunga Avenue and Victory Boulevard, this asset is available for sale for the first time in over 40 years. A new investor may be able to add value by increasing rents, which currently sit approximately 23% below market rates for the area.The building features pitched roofs and private garages with alley access for each tenant. Future maintenance costs are significantly reduced for the new owner, as the property has full copper plumbing, a new driveway, and it does not appear on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify).With excellent visibility along one of the Valley’s major thoroughfares, the property has benefited from strong historical occupancy. While residents enjoy living mere blocks from the NoHo Arts District, with its myriad boutiques and trendy restaurants, they are also only one mile from the new NOHO West development, a 25-acre mixed use campus that features tenants like Trader Joe’s, Regal Cinemas, Nordstrom Rack, and LA Fitness. Additionally, tenants at the property can walk to Target, Rite-Aid, CVS, and several other major retailers, which are all located within blocks of the building.

Newly available is this 1935 Art Deco Spanish duplex consisting of 2 units with 2bd/1ba each. This property features include stepped-tray ceilings, arched doorways, original glass doorknobs, and hardwood floors throughout. A remodeled kitchen boasts Caesarstone countertops, subway tiled walls, imported Italian Carrara marble flooring, recessed ceiling & accent lighting, and SS appliances. The bathroom, done in white subway tiles, has a separate shower stall, marble mosaic floor tile, and recessed lighting. Also extensively upgraded, the building features new windows, copper plumbing, new central HVAC systems, upgraded electrical, new exterior paint, security gates, and landscaping w/ outdoor lighting. The unit comes w/ parking and opens to an outdoor patio with plenty of entertainment space. Minutes to West Hollywood, plenty of shopping & entertainment, and major freeways.

Two commercial street-front units & four residential income units: one 2-brdm, 2 bath custom-built owners unit and three 1-bdrm, 1 bath rental units. Four parking spaces with alley access. Please drive-by only, Do Not Disturb the Occupants. (See AGENT ONLY REMARKS FOR UNIT RENTS. )

Marcus & Millichap is pleased to announce the opportunity to purchase 6956 Kester Avenue, a 23-unit multifamily property situated on a large corner lot within Van Nuys, CA. The majority of the apartments are two bedroom units, as the spacious floorplans total approximately 20,880 square feet across the 23 units. The owner has installed full copper plumbing, while most interiors have been upgraded with granite countertops and tile flooring. A new investor may be able to add significant value to the asset by recapturing the approximately 29% rent upside. There is an attractive loan that may be assumed, fixed at a 3.75% interest rate until the year 2030.Van Nuys, and in particular the 91405 zip code, has seen a massive influx of capital in recent years and the trend could continue with several notable developments on the near horizon. Large mixed-use projects currently moving through the development pipeline include 174 units over retail at 6569 Van Nuys Boulevard, 214 units over retail at 7115 Van Nuys Boulevard, and 322 units over retail at 7050 Van Nuys Boulevard, as well as a 405-unit apartment complex at 6728 Sepulveda Boulevard. Each of these new developments is within one mile of 6956 Kester Avenue, demonstrating the optimism large investors see in the local neighborhood.Perhaps the most noteworthy development project in the area is the upcoming East San Fernando Valley Light Rail Line, which will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with two different stations planned less than one mile from 6956 Kester Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property’s tenants.

Marcus & Millichap is pleased to announce the opportunity to purchase 421 E Acacia Avenue, an eight-unit multifamily property situated near the pristine Adams Hill neighborhood in thriving Glendale, CA. Presented alongside the neighboring 427 E AcaciaAvenue building, the two properties are available either individually or as a portfolio.The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control.The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.

Come home to this hidden gem in the Valley Glen/ North Hollywood area. This spacious two bedroom two bathroom unit is located in a cozy community with a gorgeous swimming pool. This modern-style apartment is built with plenty of space, and prices to fit into your budget nicely. This inviting apartment features: Granite kitchen countertops, Hardwood flooring throughout, dishwasher private balcony Spacious Dining Area, 2nd floor Designer Two-tone paint, Plenty of natural lighting, Ample storage space, Stove An A/c unit in every room To schedule a showing for this beautiful two bedroom unit please give us a call.6050 Whitsett Ave is an apartment community located in Los Angeles County and the 91606 ZIP Code. This area is served by the Los Angeles Unified attendance zone.

Featuring spacious floorplans that average nearly 1,000 square feet each, the two structures occupy a corner lot near the intersection of Vermont Avenue and Jefferson Boulevard, the northwest corner of USC campus. A new owner may be able to add substantial value to the asset in a variety of ways through recapturing the approximate 51% in rent upside, by converting garage space to an ADU, or by reconfiguring the units to include additional bedrooms (Buyer to verify). One unit was recently renovated and houses USC students. Using this as a template and applying a similar plan to the remaining units could allow for a dramatic increase in cash flow. Students value the property's proximity to USC Village, the USC tennis and baseball facilities, as well as the campus classrooms and facilities that sit just blocks from the property. Rents are currently averaging only $1.53 per square foot, while other buildings in the immediate area have been able to achieve rents above $3.00 per square foot, particularly by taking advantage of the opportunity to house local students. Because the building contains four units, a new owner may be able to secure residential financing with a lower down payment than that needed for larger multifamily assets. This, coupled with the historically strong occupancy rates near USC campus and the potential for parental guarantees included in student housing leases, may allow for attractive and stable future cash flow.

We are pleased to offer for sale this four (4) unit value-add multifamily investment opportunity located at 1414 W. 30th Street, walking distance to the University of Southern California (USC). The investment consists of two (2) separate structures, constructed of wood frame and stucco on a raised foundation built in 1922, with a square footage of 3,954 on a 6,075-square foot lot. The property is comprised of a remarkable unit mix, consisting of one (1) Single, one (1) 1+1 unit, one (1) 2+1 unit, and one (1) spacious 2+1 Single family residence. The subject property is 100% occupied, and all tenants are current with rental payments. The subject property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options. Current gross income is $5,360/ Month with approximately 40% upside in potential rents.

We are pleased to offer this 8-unit courtyard style apartment building for sale. Located at 2010 N. Los Robles Ave, just south of Woodbury. There is an excellent unit mix of six spacious One Bedroom/One Bath Units approximately 735 sq. ft. and two large Two Bedroom/One Bath townhomes that are approximately 935 sq. ft. . The building features a courtyard/patio for residents to enjoy. Additionally, residents enjoy front and backdoor entrances, washer/dryer hook-ups and some private patio seating. The property includes 8 single car garages plus at least 3 more open parking spaces. Major Improvements include: New Copper plumbing in 2022 (Drain Lines from the Fixtures to the outside of the Building), Updated Electrical and the roof was recently replaced. See agent for details. Highlights: * Single Story-Units with front and Backdoor entrances * Two Spacious Townhomes * Significant Rental Upside (+/-39%) Priced at only $385 per foot * This True Value-Add deal only minutes from Old Town Pasadena, Rose Bowl, 210 Freeway and JPL * Extensive Plumbing Upgrades to copper piping; electrical and roof recently upgraded as well. * Attractive Courtyard style apartment.

Nestled in the heart of Simi Valley, California, 910-958 Ashland Ave encompasses four charming two-story apartment buildings. These timeless properties, dating back to the early 1960s, offer a distinctive unit mix that caters to a variety of tenant preferences, including (16) Studio units, (16) One-bedroom One-bathroom units, and (4) Two-bedroom One-bathroom units. The thoughtful design of these buildings ensures that residents enjoy a comfortable and hassle-free living experience. Each building is conveniently identified with its individual Assessor's Parcel Number (APN), providing clarity and ease of management.One of the standout features of 910-958 Ashland Ave is its unparalleled location adjacent to the bustling Simi Mall. Residents of this community benefit from seamless access to a plethora of high-end shopping boutiques, delectable dining establishments, and vibrant entertainment venues that abound in the vicinity. Moreover, the property is thoughtfully positioned in close proximity to a scenic lake and an array of hiking trails, offering residents abundant opportunities for outdoor enjoyment and recreation.The compelling combination of well-maintained structures, a strategic location in the heart of Simi Valley, and a unique unit mix positions 910-958 Ashland Ave as an irresistible and sought-after investment opportunity within the vibrant Simi Valley real estate market. This property beckons as a promising venture for discerning investors seeking to tap into the potential of this thriving community

Marcus & Millichap is pleased to announce the opportunity to purchase 7454 Haskell Avenue, a 13-unit multifamily property located in the Lake Balboa neighborhood of Van Nuys, CA. Featuring spacious floorplans and a unit mix that contains nearly all two- and three-bedroom apartments, the property spans 12,568 gross square feet. The building occupies a corner lot near the intersection of Sherman Way and Haskell Avenue.The current owner has installed full copper plumbing, replaced nearly every window in the building, and upgraded the main electric panel. A new investor may be able to use existing permits to complete two ADUs, which may also remove the need for any seismic retrofit repairs (Buyer to verify). Every unit interior has been renovated with decorative tile flooring, granite countertops, and remodeled bathrooms.The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit. Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants. There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants. Prime location of Hollywood, with constant redevelopment all around! Total annual gross income for the property is $186,350

By use code: Residential - Four Units (Any Combination) - 4 Stories or Less

Marcus & Millichap is pleased to announce the opportunity to purchase 5117 Woodman Avenue, a 10-unit multifamily property located in desirable Sherman Oaks, CA. Featuring a unit mix of all three-bedroom units, the property offers a new owner substantial rent upside. The current rents are approximately 47% below market rates, allowing an investor to capitalize on continued income growth for the foreseeable future. There is an existing loan at a 3.97% fixed interest rate that may be assumed.Situated near the intersection of Magnolia Boulevard and Woodman Avenue, the property is blocks from the Westfield Fashion Square and Notre Dame High School. The prestigious Ventura Boulevard, featuring fine dining and high-end shopping, is just one mile south of the property.Half of the apartments have already undergone extensive interior remodeling, with the installation of new wood flooring, quartz countertops, recessed lighting, stainless steel appliances, upgraded bathrooms, and new ceiling fans with remote controls. The property has also been updated with nearly full copper plumbing, several new electric subpanels, all vinyl windows, new exterior paint, new signage, and new lighting.The high barriers to homeownership in Sherman Oaks have led to increased rental demand, as the median three-bedroom home price over the past year has been $1,500,000. Monthly mortgage payments on the median three-bedroom home in Sherman Oaks would be approximately $7,334, which is nearly 2.5 times the monthly market rent for three-bedroom apartments at 5117 Woodman Avenue. This chasm between the cost to rent and the cost of local homeownership -- further widened by additional taxes, insurance, and a prohibitive $300,000 required down payment -- forces more residents into rental housing and increases demand for three-bedroom apartments.

By use code: Residential - Five or More Units or Apartments (Any Combination) - 4 Stories or Less - Pool

The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. The current owner has completed extensive renovations to six of the apartment interiors, spending as much as $40,000 on an individual units upgrades. Remodeled apartments feature brand new wood flooring, new quartz countertops, new kitchen countertops and tile backsplashes, stainless steel appliances, new ceiling fans, recessed lighting, new bathroom vanities, and renovated showers. The plumbing within the property has been approximately 90% replaced with copper pipes. Tenants enjoy ample parking, with eight covered spaces and an additional four open spaces tandem to each front garage. The on-site laundry facilities are owned by the landlord, allowing the owner to enjoy an additional revenue stream. Located between San Fernando Road and Pacific Avenue, tenants enjoy convenient access to both The Pub at Golden Road Brewery and the numerous shops and restaurants along Pacific Avenue, Central Avenue, Brand Boulevard, and Broadway. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is mere blocks from the building.

Marcus & Millichap is pleased to announce the opportunity to purchase 13444 Burbank Boulevard, a seven-unit multifamily property in prestigious Sherman Oaks, CA. Situated one block from Los Angeles Valley College, the property allows an investor to tap into a high-demand rental pocket while benefiting from the demographics in one of the most desirable neighborhoods within Los Angeles. The property’s seismic retrofit repairs have already been completed (Buyer to verify), so a new owner is saved from an otherwise expensive capital expenditure while simultaneously benefiting from tenants’ monthly passthrough payments. Plumbing at the property has already been upgraded with copper pipes, helping to reduce both maintenance and utility costs for the new owner. Just within the past three years, three of the units have been renovated with upgraded flooring, countertops, windows, and light fixtures. This helps to provide a blueprint for a new investor to remodel the remaining units, which may help recapture the 30% rent upside. Located near the intersection of Woodman Avenue and Burbank Boulevard, the property offers high visibility along one of the San Fernando Valley’s main thoroughfares. The Westfield Fashion Square is just 1.3 miles away, while the high-end boutiques and fine dining destinations along Ventura Boulevard are only two miles south. Residents in the area can shop at the numerous grocery stores nearby, notably Erewhon, Whole Foods Market, and Trader Joe’s.Marcus & Millichap is pleased to announce the opportunity to purchase 13444 Burbank Boulevard, a seven-unit multifamily property in prestigious Sherman Oaks, CA. Situated one block from Los Angeles Valley College, the property allows an investor to tap into a high-demand rental pocket while benefiting from the demographics in one of the most desirable neighborhoods within Los Angeles. The property’s seismic retrofit repairs have already been completed (Buyer to verify), so a new owner is saved from an otherwise expensive capital expenditure while simultaneously benefiting from tenants’ monthly passthrough payments. Plumbing at the property has already been upgraded with copper pipes, helping to reduce both maintenance and utility costs for the new owner. Just within the past three years, three of the units have been renovated with upgraded flooring, countertops, windows, and light fixtures. This helps to provide a blueprint for a new investor to remodel the remaining units, which may help recapture the 30% rent upside. Located near the intersection of Woodman Avenue and Burbank Boulevard, the property offers high visibility along one of the San Fernando Valley’s main thoroughfares. The Westfield Fashion Square is just 1.3 miles away, while the high-end boutiques and fine dining destinations along Ventura Boulevard are only two miles south. Residents in the area can shop at the numerous grocery stores nearby, notably Erewhon, Whole Foods Market, and Trader Joe’s.

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Daniel W Withers

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