13950-13960 Burbank Boulevard is a sixteen-unit multifamily investment opportunity in Sherman Oaks, one of the San Fernando Valley's most established and desirable residential submarkets. The property benefits from outstanding connectivity to the 101 and 405 freeways, proximity to the shops and restaurants of Ventura Boulevard, and the broader entertainment and employment hubs of Studio City, Universal City, and greater Los Angeles.
The property comprises two adjacent eight-unit buildings, each on its own separate parcel, offering a uniform mix of sixteen 1-bedroom / 1-bathroom apartments at approximately 600 square feet each. Built in 1953, the buildings are well-maintained and provide a strong foundation for continued cash flow and future value enhancement. With approximately 41% upside to current market rents, the property presents a compelling value-add opportunity through unit-by-unit renovation and lease-up as natural turnover occurs. Shared on-site laundry facilities further enhance tenant convenience and retention.
The two-parcel configuration and substantial rear yard area also create significant development potential under California's SB 1211 ADU legislation. Each parcel may independently support the construction of detached accessory dwelling units, allowing an investor to meaningfully increase unit count and income without displacing existing tenants or altering the primary structures. *Buyer to verify ADU feasibility, entitlements, and applicable regulations with the City of Los Angeles.
At a list price of $3,300,000, or approximately $206,250 per unit, the combination of a uniform unit mix, embedded rental upside, SB 1211 density potential across two parcels, and a premier Sherman Oaks address makes this offering well suited for an investor seeking stable income with clear potential for long-term appreciation and cash flow growth.
