12327 Burbank Boulevard, Valley Village, CA 91607

About this property

Prime location of Valley Village. Corner lot in close proximity to all shopping, transportation, restaurants and retail centers. Walking distance to synagogues. The property is at the Northeast Corner of Burbank Blvd., and Corteen Place which is surrounded by lovely single family homes and is easy access to Studio City, Sherman Oaks, Universal City and NOHO. Zoned LA R3, the lot size is approximately 12,298 square feet with a potential to build 16 units. At present, this property is 100% occupied with the tenants on a month-to-month basis. Unit mix consists 1 single, 4 one bedroom, one bath units and 2 two bedroom 1 bath units. The gross annual income, including laundry and storage is approximately $93,240. Please drive by only. DO NOT DISTURB TENANTS. Full inspection only with an accepted offer.

Listing description from the May 2017 sale, as reported to CRMLS.

Sale history

$1,950,000

Sold May 2017 · listed $1,995,000, orig. $2,150,000, on market November 2016 · MLS #SR16758165 · Source: CRMLS

Listing Agent: Michael Tootikian · Listing Office: Keller Williams Encino-Sherman · Contact: 818-380-5100 · Bought with: Natalie Kraiem · Keller Williams Studio City

$1,830,000

Sold November 2016 · listed $2,325,000, on market August 2016 · MLS #SR16187994 · Source: CRMLS

Listing Agent: Michael Tootikian · Listing Office: Keller Williams Encino-Sherman · Contact: 818-380-5100 · Bought with: General NONMEMBER · CRMLS

$1,326,000

Sold September 2014 · listed $1,499,000, orig. $1,589,000, on market June 2014 · MLS #SR14125342 · Source: CRMLS

Listing Agent: Barak Zilberberg · Listing Office: Pinnacle Estate Properties, I · Contact: 818-444-8300 · Bought with: Zahava Gabay · Astron Realty

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