2BR / 2.5Ba
1350ft2
townhouse
w/d in unit
off-street parking
13412 Burbank Blvd. #1, Sherman Oaks, CA 91401.
Up for sale is a beautiful, large (approx. 1350 sq. ft.) townhouse in a great area of Sherman Oaks.
This is now being sold as an investment. Currently rented to great tenants paying $3,350 a month. They pay all utilities. Owner pays HOA and RE taxes. Tenant responsible for interior maintenance and home warranty fee.
The sale price is $639,900. This is currently the best deal in town for a townhouse in Sherman Oaks this size with 2 bedrooms and a den.
As of July 1, 2023 will also consider for rent at $3,400 a month.
Current cap rate is over 4.1. This is a great return with minimal management, and you could live in it next year!
This is a front unit, with so much light and so very bright! 2 huge bedrooms upstairs, 1 room downstairs that could be a 3rd bedroom, den, maids room, study. Also has a half bath.
Upstairs are 2 huge bedrooms. Master has en-suite bath and sitting area. 3 closets! Nice shower in bath. 2nd bedroom is also very large, second full bath adjacent. Both bedrooms have cathedral ceilings. No common walls to bedrooms. Washer/Dryer also on this level and included.
Last tenant put in new floors on second floor.
Downstairs is huge great room. Can be just one huge room or suited for living room, dining room with WB fireplace. Amazing space. Nice kitchen with granite countertops. Eat in area.
Unit has 2 car private side by side parking under unit, plus lots of storage. Complex has pool, spa, BBQ area and lots of room to relax. Only 10 units in complex. Owner pays water, hot water, trash and sewer. Tenant will pay for home warranty insurance and renter's insurance.
I will consider carrying the 1st trust deed with 30% down at 7% interest, fixed. This is a great rate in today's market.
If this isn't right, I have 45 years experience as a licensed agent. And I offer huge commission discounts of up to 70% off and/or rebates to buyers, that can also be as high as 70% depending on price and amount of work involved.
Douglas Weitzman
Attorney at Law
Real Estate Broker (DRE # 00614072)
(cell)
