Current rents sit approximately 42% below market levels, allowing a new owner the potential to improve income significantly. Select units have already been upgraded with new wood flooring, new kitchen cabinets, new granite countertops, new ceiling fans, and fully remodeled bathrooms. Constructed in 1962, the building features an attractive unit mix with mostly two-bedroom apartments. The central courtyard holds a sparkling swimming pool, while tenants also enjoy ample covered parking. On-site laundry facilities offer an additional stream of income to the landlord as well. Located near the intersection of Burbank Boulevard and Sepulveda Boulevard, tenants enjoy convenient access to the 405 Freeway just blocks away. Several restaurants and retail destinations are within one mile, including Target, Costco, LA Fitness, Staples, Petco, and Ralphs. The Sepulveda Basin Recreation Center, featuring The Japanese Garden and two golf courses, is just one half-mile west of the building.
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