12327 Burbank Boulevard, Valley Village, CA 91607

$2,325,000 Approx. USD 0 beds, 0 baths
3,976 sqft

Agent Remarks

Investment/development opportunity in prime San Fernando Valley area of Valley Village. Corner lot in close proximity to all shopping, transportation, restaurants and retail centers. Walking distance to synagogues. Easy access to Studio City, Sherman Oaks, Universal City, and Hollywood. Property is being sold as a development opportunity.R3 Zone, with an approximate lot size of 12,298 square feet with a potential to build 15 units. The property is located on the North East Corner of Burbank Blvd and Corteen Place with alley access. The property currently consists of one (1) single, four (4) one bedroom/one bath, and two (2) two bedroom/1 bath units with additional income from laundry and storage. The property currently grosses approximately $94,300/year. The property currently has a tremendous upside potential in rents and is perfect for an owner/user and future potential development. Drive by only. Do not disturb tenants.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# SR16187994
List price is $2,325,000
Beds: 0
Baths: 0
Built in 1950
3,976 sqft
0.28 acres
County: Los Angeles
Zoning: LAR3
Lot description: Curbs,Sidewalks
MLS area: Valley Village (VVL)

Last Updated: 10/14/2016

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This listing belongs to the Valley Village (VVL) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.172558, -118.401764.
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Broker: Courtesy of Keller Williams Encino-Sherman
Listing Agent: Michael Tootikian

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Out of households, are families.

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