13060 Burbank Boulevard

Sherman Oaks CA, 91401


$411.90 per sqft


15,295 sqft


Built in 1958

Listed by Cynthia Burts with Burts & Associates 310-308-8003

Burts and Associates presents 13060 Burbank Blvd, Sherman Oaks a 19-unit value-add property with a 40%+ upside in rents in the highly desirable Sherman Oaks area of the San Fernando Valley. The building is located within walking distance of the Los Angeles Valley College. This value-added opportunity provides investors to acquire an excellently located, well-maintained, and easy-to-manage apartment building. The building has been consistently upgraded with recent major improvements that include trim exterior repainting and steel railings repainting (2023), new copper plumbing throughout (completed in 2019), new roof (completed in 2018), parking soft story retrofit completed, dual pane windows upgrade. Twelve of the units have been recently remodeled and upgraded with quartz counters, flooring, and wood cabinets. The property is well amenitized with a gated pool, secured entry and parking, and on-site laundry facilities.

With 3 ADU units allowed by the City of Los Angeles to be built, the increase in rental income combined with the added value of the price per unit and square foot overall value benefit a new owner. The building was constructed in 1958 and is a 19-unit +-15,295 square foot building on a +-15,825 square foot [Q]RD1.5-1 zoned lot. There is an excellent unit mix of one studio unit, fifteen one-bedroom/one-bathroom units, one two-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units.

The property will be delivered with minimal deferred maintenance but will provide the new owner with significant upside potential. When the long-term tenant's turnover, the new owner will enjoy a large increase in rental income and be able to renovate the units to increase the value of those units.

Located across the street is the new Academic Complex 1 project scheduled for 2025 completion, which is currently being designed and consists of a new 80,000 SF building, new vehicular parking with passenger pick-up/drop-off area, underground stormwater tanks, and approximately 165,000 SF of site development. The building will contain space for curriculums such as Business, Computer Science, Information Systems, Math, Psychology, Sociology, Ethnic Studies, and Emergency Services. Additionally, the scope will include connections to LAVC's Central Plant, site & building utilities, new and existing City utility connections, disconnections, and relocations, new ADA paths of travel, and improvements to the Burbank Blvd. and Ethel St. rights-of-way.



December 17, 2023


March 28, 2024



13060 Burbank Boulevard
Sherman Oaks CA, 91401

Interior Features

Total Stories


Laundry Description

Common Area, Inside, Laundry Room







Exterior/Building Features

Lot Size

0.36 Acres

Lot Features

Landscaped, Near Public Transit, Rectangular Lot, Sprinkler System, Trees


Public Sewer

Other Property Details

Area Name

SO - Sherman Oaks

Days on Market




Garage Spaces


Parking Total





Los Angeles

Water Source




Pool Features

Fenced, Filtered, In Ground, Private



Buyer Agency Compensation


Listing Contact: 310-308-8003 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 3:35 PM UTC


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