Log In/Sign Up
Your email has been sent.
11940 Burbank Blvd 22 Unit Apartment Building $7,667,536 CAD ($348,524 CAD/Unit) 7.78% Cap Rate Valley Village, CA 91607
Executive Summary
Pride-of-ownership 22-unit apartment building located in the desirable Valley Village submarket. The property features an attractive unit mix of studio, one-bedroom, and two-bedroom units, totaling approximately 18,661 rentable square feet on a large ±23,906 square foot lot. Amenities include on-site parking, pool access, balconies, and spacious unit layouts. The property has benefited from several capital improvements, including roof, landscaping, paving, entry door, LED lighting, and completion of the soft-story retrofit.
The offering presents investors with a rare opportunity to acquire a well-located Valley Village multifamily asset with substantial upside in existing rents, providing a clear path to improved cash flow and long-term value creation.
Investment Highlights
• 22-unit multifamily asset in desirable Valley Village location
• Attractive unit mix of studio, one-bedroom, and two-bedroom units
• Approximately 18,661 rentable SF on a ±23,906 SF lot
• Substantial upside in existing rents
• Clear opportunity to improve cash flow through continued rent growth and operational enhancements
• Completed soft-story retrofit
• On-site pool, balconies, and parking
• Recent capital improvements including roof, landscaping, paving, entry door, and LED lighting
• Convenient access to Studio City, North Hollywood, Sherman Oaks, and major Valley employment corridors
The offering presents investors with a rare opportunity to acquire a well-located Valley Village multifamily asset with substantial upside in existing rents, providing a clear path to improved cash flow and long-term value creation.
Investment Highlights
• 22-unit multifamily asset in desirable Valley Village location
• Attractive unit mix of studio, one-bedroom, and two-bedroom units
• Approximately 18,661 rentable SF on a ±23,906 SF lot
• Substantial upside in existing rents
• Clear opportunity to improve cash flow through continued rent growth and operational enhancements
• Completed soft-story retrofit
• On-site pool, balconies, and parking
• Recent capital improvements including roof, landscaping, paving, entry door, and LED lighting
• Convenient access to Studio City, North Hollywood, Sherman Oaks, and major Valley employment corridors
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,667,536 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $348,524 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 7.78% | Building Size | 18,661 SF |
| Gross Rent Multiplier | 9.3 | No. Stories | 2 |
| No. Units | 22 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $7,667,536 CAD |
| Price Per Unit | $348,524 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Gross Rent Multiplier | 9.3 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 18,661 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 12 | - | - |
| 2+2 | 8 | - | - |
| 2+2.5 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2348-002-034 | Total Assessment | $8,829,827 CAD (2025) |
| Land Assessment | $5,283,421 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,546,406 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2348-002-034
Land Assessment
$5,283,421 CAD (2025)
Improvements Assessment
$3,546,406 CAD (2025)
Total Assessment
$8,829,827 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Reservoir Partners, LLC
11940 Burbank Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.