17340 Burbank Blvd | Encino, CA 91316

Written By Michael Monempour

SALE PRICE: $6,150,000

PRICE/UNIT: $227k          PRICE/SF: $249                  GRM: 10.32                 CAP RATE: 5.08%

TRANSACTION HIGHLIGHTS

  • WALKABLE Access to world-class dining, boutique shopping and a variety of entertainment venues along Ventura Blvd

  • DIVERSE + Desirable Unit Mix - Fourteen 1BR/2BA, Twelves 2BR/2BA and One 3BR/2BA residences

  • GATED and secured property with on-site laundry and gated rear parking

  • OBTAINED a Day 1 non-contingent offer very close to list price

  • TOTAL of 9 offers received; property was on the market for only 1 month

  • BUYER + SELLER both represented by Michael Monempour & Jason Mataiaho

  • FIRST time on the market in 50 years!

  • PREMIER Encino location - convenient access to the 101 Freeway, providing strong connectivity across the San Fernando Valley and to Greater Los Angeles

  • SIGNIFICANT value-add potential - approximately 30% upside in achievable market rents

  • FEATURES central AC, private balconies, and a sparkling community pool - enhancing tenant comfort and appeal

 
Free Property Valuation
Michael Monempour
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