Seven-Unit Multifamily with Yard
13444 Burbank Blvd Sherman Oaks, CA 91401
13444 Burbank Blvd, Sherman Oaks, CA, 91401
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For Sale
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Seven-unit multifamily featuring a front unit with private yard and tandem parking, plus ongoing renovations and recent upgrades.
Property Size3,748 SF
Price / SF$421.56
Days on Market22
Property Features for 13444 Burbank Blvd
General Information
- Standard status
- Active
- Size
- 3,748 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing agency
Equity Union
Listed by
Eli Appel · License #CA 01918652
Source
Crexi
Added: Jul 2 Updated: Jul 22 at 10:18PM Checked: Jul 22 at 10:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
Investment Insights
Based on property information with market context.
13444 Burbank Blvd is a seven-unit multifamily property offering a mix of two-bedroom, one-bedroom, and studio layouts. Notably, the front unit is configured to provide a house-like feel within the multifamily setting, including its own private front yard and tandem parking spaces directly in front of the unit.
The property has undergone meaningful capital improvements, including a full copper pipe upgrade throughout. In addition, three units have been renovated within the past three years, with upgrades that include flooring, countertops, windows, and light fixtures. Select units also include tenant-friendly features such as parking, front and rear access, outdoor space, patio areas, and central A/C.
Current scheduled gross income is approximately $131,916 annually, with projected market income of approximately $178,500 annually. One unit is currently vacant, providing an immediate starting point while additional repositioning continues over time.
The property has undergone meaningful capital improvements, including a full copper pipe upgrade throughout. In addition, three units have been renovated within the past three years, with upgrades that include flooring, countertops, windows, and light fixtures. Select units also include tenant-friendly features such as parking, front and rear access, outdoor space, patio areas, and central A/C.
Current scheduled gross income is approximately $131,916 annually, with projected market income of approximately $178,500 annually. One unit is currently vacant, providing an immediate starting point while additional repositioning continues over time.
Key Highlights
- Seven‑unit multifamily built in 1957
- Unit mix includes two 2BD, one 1BD, and four studios
- Front unit features a private front yard and tandem parking spaces directly in front
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.2k | $31.80 |
| − Vacancy | −$9.5k | −$2.54 |
| EGI | $109.7k | $29.26 |
| − OpEx | −$49.3k | −$13.17 |
| NOI | $60.3k | $16.09 |
3,748 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$861.5K
$753.9K – $1.01M
NOI $60,308 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,467 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily featuring a front unit with private yard and tandem parking, plus ongoing renovations and recent upgrades.
Where is this apartment building located?
The property is located at 13444 Burbank Blvd Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Seven‑unit multifamily built in 1957; Unit mix includes two 2BD, one 1BD, and four studios; Front unit features a private front yard and tandem parking spaces directly in front
