Duplex with Accessory Dwelling
17329 Burbank Boulevard, Encino, CA 91316
For Sale
$1,100,000
Two residences include separate air-conditioning systems, alley access, and distinct layouts.
Property Size2,638 SF
Price / SF$416.98
Days on Market241
Property Features for 17329 Burbank Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Amenities
Central Air
Central
Dishwasher
Disposal
Gas Oven
Gas Range
Tankless Water Heater
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Composition
Building Details
Year Built
Stories
Listing Agency:
Clear Way Real Estate
Listed By:
Justin Bonney
(818) 697-4884
Source:
Kw
Added: Mar 20
Changed: Nov 14
Last Checked: Nov 14 at 10:32AM
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 Clear Way Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property pairs a 5-bedroom, 2-bath front residence with a separate-entry layout and an accessory dwelling unit. The ADU measures 857 square feet and includes 2 bedrooms, 1 bathroom, a bonus room, and a media room. Total building area is approximately 2,638 square feet, subject to buyer verification. Separate air-conditioning systems serve each unit, and the property includes a former production and film-location buildout. The front residence and ADU are described as having potential for layout reconfiguration, including a JADU arrangement in the front home and alternate bedroom and bathroom configurations in the ADU.
The property occupies a corner lot at 17329 and 17331 Burbank Boulevard in Encino, with alley access. The 101/405 interchange and Ventura Boulevard shopping and dining district are described as minutes away; Sherman Oaks, Woodland Hills, and the Westside are also cited as accessible destinations. Built in 1960, the property has connected electricity, natural gas, sewer, water, cable, and phone service, along with central air, a dishwasher, disposal, gas oven and range, and tankless water heater.
The property occupies a corner lot at 17329 and 17331 Burbank Boulevard in Encino, with alley access. The 101/405 interchange and Ventura Boulevard shopping and dining district are described as minutes away; Sherman Oaks, Woodland Hills, and the Westside are also cited as accessible destinations. Built in 1960, the property has connected electricity, natural gas, sewer, water, cable, and phone service, along with central air, a dishwasher, disposal, gas oven and range, and tankless water heater.
Key Highlights
- Two residences: a 5‑bedroom, 2‑bath front home and an 857‑square‑foot ADU
- ADU has 2 bedrooms, 1 bathroom, a bonus room, and a media room
- Approximately 2,638 square feet total; buyer to verify
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,069
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,380
$921.4K
Cap Rate 7%
$658,129
$658.1K
Cap Rate 9%
$511,878
$511.9K
Market Conditions
NOI Build-Up for 2,638 SF
Gross rent
$71.2K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$65.8K $24.95/SF
− OpEx
−$19.7K −$7.48/SF
NOI
$46.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,380
Cap Rate 7%
$658,129
Cap Rate 9%
$511,878
Alternative Uses
Best Use
Multifamily LT 5
$658.1K
$575.9K – $767.8K
NOI $46,069 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$606.4K
$530.6K – $707.5K
NOI $42,448 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,866 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 91316, CA
28,777
Population
13,602
Households
2.1
Avg Household Size
43
Median Age
58%
College-Educated
94%
High-School Grad
5.5 sq mi
ZIP Area
5,232
Density / Sq Mi
$90,802
Median Household Income
$57,845
Median Earnings
$2,104
Median Rent
$909,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Los Angeles County, CA
Properties on Market for Multifamily properties in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences include separate air-conditioning systems, alley access, and distinct layouts.
Where is this multifamily property located?
The property is located at 17329 Burbank Boulevard Encino, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two residences: a 5‑bedroom, 2‑bath front home and an 857‑square‑foot ADU; ADU has 2 bedrooms, 1 bathroom, a bonus room, and a media room; Approximately 2,638 square feet total; buyer to verify
