REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Aug

Sun

Aug

Mon

Aug

Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 676-7271

$6,503,000

Est. payment - /mo

39 Beds

39 Baths

24,730 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 24,730 sqft

Price per Sqft $262

MLS Listing ID 25579221

Bedrooms 39

HOA Y/N No

Year Built 1964

Lot Size 0.652 Acres

Property Description

17340 Burbank Blvd presents an exceptional multifamily investment opportunity in the heart of Encino, adjacent to the highly desirable neighborhoods of Sherman Oaks, Tarzana, and Van Nuys. Offered for the first time in over 50 years, this property combines a premier location with significant upside potential. The property consists of 24,370 square feet of improvements situated on an expansive 28,394 square-foot lot, offering strong curb appeal and potential for future development or amenity enhancements. The community features a diverse and desirable unit mix of Fourteen 1BR/1BA, Twelve 2BR/2BA, and One 3BR/2BA residences appealing to a wide range of renters. Each residence is equipped with central air conditioning, and many include private balconies. Tenants enjoy a sparkling community pool and the security and convenience of gated parking, enhancing comfort, lifestyle, and retention. Separately metered gas and electric further maximize operational efficiency for ownership. With approximately 30% upside in achievable market rents, this asset offers a compelling value-add opportunity for investors seeking both immediate income growth and long-term appreciation. Residents benefit from walkable access to fine dining, boutique shopping, and abundant entertainment options solidifying the property's standing in one of the San Fernando Valley's most sought-after rental markets. This is a rare opportunity to acquire a legacy multifamily property in a thriving Encino location stable, well-maintained, and positioned for its next chapter of growth.

Location

State CA

County Los Angeles

Area Enc - Encino

Zoning LAR3

Interior

Heating None

Cooling Central Air

Fireplace No

Exterior

Parking Features Driveway Down Slope From Street, Gated

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2254036023

Special Listing Condition Standard

Read Less Info

Listed by Michael Monempour Lyon Stahl Investment Real Estate, Inc.

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(818) 221-2921

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

17340 Burbank BLVD Encino, CA 91316