Six-Unit Apartment
For Sale
$1,700,000
14821 Burbank, Van Nuys, CA 91411
Built in 1953, the property includes on-site parking and an enclosed garage.
Property Size4,844 SF
Lot Size0.24 Acres
Price / SF$350.95
Days on Market159
Property Features for 14821 Burbank
General Information
Standard status
Active
Size
4,844 SF
Lot size
0.24 Acres
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Building Details
Building Size
4,844 SF
Year Built
1953
Listing Agency:
Element RE, Inc
Listed By:
David White · License #01311443
Source:
Archetyperealty
Added: May 11
Changed: Oct 5
Last Checked: Oct 15 at 5:23AM
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 Element RE, Inc
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains approximately 4,844 square feet on a 10,665-square-foot lot. Constructed in 1953, the asset includes on-site parking and an enclosed garage, providing functional support for the residential units.
The property is located along Burbank Boulevard in Van Nuys, with access to I-405 and US-101. The surrounding context includes employment centers, retail corridors, and regional connections serving Sherman Oaks, Encino, and Studio City.
The unit count, lot size, enclosed garage, and established construction date provide a clear physical profile for evaluating the property as a multifamily asset. The source information also identifies renovation potential, although no specific improvement scope is provided.
The property is located along Burbank Boulevard in Van Nuys, with access to I-405 and US-101. The surrounding context includes employment centers, retail corridors, and regional connections serving Sherman Oaks, Encino, and Studio City.
The unit count, lot size, enclosed garage, and established construction date provide a clear physical profile for evaluating the property as a multifamily asset. The source information also identifies renovation potential, although no specific improvement scope is provided.
Key Highlights
- Six‑unit apartment property
- Approximately 4,844 square feet on a 10,665‑square‑foot lot
- On‑site parking with an enclosed garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,944
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,880
$1.6M
Cap Rate 7%
$1,113,486
$1.1M
Cap Rate 9%
$866,044
$866.0K
Market Conditions
NOI Build-Up for 4,844 SF
Gross rent
$154.0K $31.80/SF
− Vacancy
−$12.3K −$2.54/SF
EGI
$141.7K $29.26/SF
− OpEx
−$63.8K −$13.17/SF
NOI
$77.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,880
Cap Rate 7%
$1,113,486
Cap Rate 9%
$866,044
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$974.3K – $1.30M
NOI $77,944 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,542 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1953, the property includes on-site parking and an enclosed garage.
Where is this apartment building located?
The property is located at 14821 Burbank Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Six‑unit apartment property; Approximately 4,844 square feet on a 10,665‑square‑foot lot; On‑site parking with an enclosed garage
