Call Todd Riley: 818-538-6331 760-507-1355

Residential in Sherman Oaks for $639,900 

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Listing ID: 22137995
Price: $639,900
Price/SqFt: $474.00
Status: Active
Address: 13412 BURBANK Boulevard 1
Unit Number: 1
City: Sherman Oaks
State: California
Postal Code: 91401
Bedrooms: 2
Total Baths: 3
Full Baths: 2
Partial Baths: 1
SqFt: 1,350
Acres: 0.413
County: Los Angeles
Sherman Oaks
CA
91401
Townhouse has been leased, but is now available for sale as an investment rental. See financial analysis attached. Rent is $3,300 a month! Current Cap rate is about 4.1 which is amazing. Add depreciation and the rate of return is close to 7%. Current Gross Multiplier is 16.5 which is much lower than most other investments and very easy to manage (almost none!) Tenant pays for everything except HOA and RE taxes (including interior maintenance and Home Warranty Plan and service fees!) This is a beautiful, LARGE (appx 1350 sq.ft.) front townhouse with great features. Enter into great room, fireplace (wood and gas), newer laminate floors, kitchen with newer granite countertops, new floor, eat in area, front unit with lots of windows! Bonus room could be den, studio, 3rd bedroom (closet nearby) with half bath. Upstairs with 2 HUGE bedrooms, both with cathedral ceilings. Master has sitting area plus en-suite bath, 3 closets, 1 walk-in, second bedroom has 2 closets. Full bath adjacent. Full-size laundry upstairs. Unit is very light and bright. 2 car side-by-side parking with extra storage. Only 10 units, complex has pool, spa, BBQ area. Low HOA includes water, hot water, trash, ext. maintenance. Great central location in Sherman Oaks near transportation (Orange Line), great restaurants and shops. This is the best deal per square foot for townhouse with so much on the market today! (Note: some photos show unit furnished). Hold it to the end of the lease, or maybe the tenants may want to buy it. They know the terms and they know that the price may go up as the lease continues. Or move in at the end of the lease! The market may increase another 12% or so this year and that means the price could approach $700,000! Add that to your return.

Primary Features

County: Los Angeles
Half Baths: 1
Price/SqFt: 474
Property Sub Type: Townhouse
Property Type: Residential
Year Built: 1979
Zoning: LARD1.5

Interior

Appliances: yes
Appliances: Dishwasher, Disposal, Microwave, Gas Oven
Bathrooms Full And Three Quarter: 2
Cooling: yes
Cooling Type: Central Air
Eating Area: Dining Room
Fireplace: yes
Fireplace Features: Gas Starter, Great Room, Living Room, Raised Hearth
Flooring: Laminate, Carpet
Garage Spaces: 2
Heating: yes
Heating Type: Central, Forced Air
Inclusions: Stove, Washer/Dryer, Microwave, Window Treatments
Interior Features: Cathedral Ceiling(s), High Ceilings, Open Floorplan
Laundry: yes
Laundry Features: Washer Included, Dryer Included, Upper Level
Levels: Two
Living Area Source: Estimated
Number Remotes: 2
Room Bathroom Features: Low Flow Toilet(s), Shower
Room Kitchen Features: Granite Counters, Remodeled Kitchen
Room Type: Bonus Room, Dressing Area, Great Room, Guest/Maid's Quarters, Library, Master Bathroom, Office, Walk-In Closet
Spa: yes
Spa Features: Association, Heated, In Ground
Stories Total: 2

External

Construction Materials: Stucco
Entry Level: 1
Entry Location: Main Level
Fence: yes
Fencing: Block
Foundation Details: Raised
Lot Size Area: 17999
Lot Size Square Feet: 17999
Parking: yes
Parking Features: Assigned, Controlled Entrance, Covered, Side by Side, Subterranean
Parking Total: 2
Patio: yes
Patio And Porch Features: Patio Open
Pool Features: Association, Heated, In Ground, Community
Private Pool: no
Roof: Composition
Sewer: Sewer Paid
Sprinklers: yes
View: yes
View Type: Courtyard, Mountain(s)
Window Features: Blinds

Location

Country: US
Direction Faces: West
High School District: Los Angeles Unified
MLS Area Major: SO - Sherman Oaks

Additional

Accessibility Features: None
Additional Parcels: no
Association: yes
Association Amenities: Pet Rules, Controlled Access, Hot Water, Outdoor Cooking Area, Pool, Spa/Hot Tub, Security, Trash, Water, Maintenance Grounds
Association Management Name: Golden Estate Management
Days On Market: 11
Disclosures: CC And R's, Pet Restrictions, Principal Is RE Licensed
List Agent State License: 00614072
Lot Size Units: Square Feet
New Construction: no
Parcel Number: 2344013033
Property Condition: Updated/Remodeled
Security Features: Automatic Gate, Card/Code Access, Gated Community, Smoke Detector(s)
Senior Community: no
Structure Type: Townhouse

Financial

Association Fee: 430
Association Fee Frequency: Monthly
Land Lease: no
Lease Considered: yes
Special Listing Conditions: Standard

Zoning Info


Area Info


© 2022. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Last updated Monday, May 16th, 2022.

Based on information from CARETS as of Monday, May 16th, 2022 02:55:49 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing Agent: Douglas Weitzman, DRE #00614072 from Douglas Weitzman Realty
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Listing Agent: Douglas Weitzman, DRE #00614072 from Douglas Weitzman Realty
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Listing Agent: Douglas Weitzman, DRE #00614072 from Douglas Weitzman Realty

Contact - Listing ID 22137995

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Todd Riley

16820 Ventura Blvd
Encino, CA 91436
Phone: 818-538-6331
Phone Alt: 760-507-1355
Fax: 818-647-0170

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