Duplex with Accessory Dwelling
For Sale
$1,100,000
17329 Burbank Boulevard, Encino, CA 91316
Two residences include separate air-conditioning systems, alley access, and distinct layouts.
Property Size2,638 SF
Price / SF$416.98
Days on Market196
Property Features for 17329 Burbank Boulevard
General Information
Standard status
Active
Size
2,638 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 5BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
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
1960
Stories
1
Listing Agency:
Clear Way Real Estate
Listed By:
Justin Bonney
(818) 697-4884
Source:
Kw
Added: Mar 19
Changed: Sep 30
Last Checked: Sep 30 at 9:19AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
