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$ 4,450,000
Est. payment | /mo
11,500 SqFt
$ 4,450,000
Est. payment | /mo
11,500 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,500 sqft
Price per Sqft $386
MLS Listing ID CL26832271
HOA Y/N No
Year Built 1988
Lot Size 9,146 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
18620 Burbank Blvd. presents an 11-unit, condo-quality multifamily asset in the heart of Tarzana, located 2 blocks north of Ventura Blvd. and approx. 0.3 miles from Tarzana Village. Offered at $4,450,000, the property combines 1988 construction, a larger-unit profile, and a walkable Valley location with direct access to one of Tarzana's most practical commercial corridors. Built in 1988, the property is not subject to Los Angeles rent control, subject to buyer verification. The unit mix is one of the property's strongest attributes, with (10) 2-bdrm. / 2-bath units and (1) 1-bdrm. / 1.5-bath townhouse-style unit. Select interiors are well maintained and feature stainless-steel appliances, granite countertops, recessed lighting, white cabinetry, fireplaces, private balconies, and a mix of hard-surface flooring and carpeted bedrooms. Ownership has completed approx. $122,700 in recent capital improvements, further supporting the property's turnkey profile. Major projects include a new roof, six new HVAC units, replacement of the hot water heater, common area LED lighting, replacement of the common area carpet, removal of the popcorn ceiling in the common areas, a new security camera system, and a new control board for the garage gate. The location strengthens the ownership story. Ventura Blvd. and Tarzana Village provide a practical mix of restaurants, cafes, markets, fitness uses, and daily-use services within walking distance, while Reseda Blvd. and the 101 Freeway connect residents throughout the San Fernando Valley. Providence Cedars-Sinai Tarzana Medical Center, located approx. 0.8 miles away, remains one of the area's most important employment anchors, reinforcing demand from healthcare workers, professional service employees, and long-term Valley residents. Additional long-term optionality may exist through a future condo conversion, supported by the property's larger 2-bdrm. / 2-bath layouts, private balconies, secured parking, and controlled-access configuration, subject to buyer verification. The combination of condition, layout, location, and rent-control positioning gives investors a practical long-term hold in one of the San Fernando Valley's most established residential pockets.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2160005021
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Listed by Kenny Stevens • Compass
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California 94513, United States