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Kenneth Lamm

kennylamm4re@sbcglobal.net +1(818) 414-5833

$ 4,400,000

Est. payment -/mo

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Price Dropped by $50K

18620 Burbank BLVD Tarzana, CA 91356

21 Beds

21 Baths

11,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,500 sqft

Price per Sqft $382

MLS Listing ID 26832271

Bedrooms 21

HOA Y/N No

Year Built 1988

Lot Size 9,147 Sqft

Property Description

18620 Burbank Blvd. presents an 11-unit, condo-quality multifamily asset in the heart of Tarzana, located 2 blocks north of Ventura Blvd. and approx. 0.3 miles from Tarzana Village. Offered at $4,450,000, the property combines 1988 construction, a larger-unit profile, and a walkable Valley location with direct access to one of Tarzana's most practical commercial corridors. Built in 1988, the property is not subject to Los Angeles rent control, subject to buyer verification. The unit mix is one of the property's strongest attributes, with (10) 2-bdrm. / 2-bath units and (1) 1-bdrm. / 1.5-bath townhouse-style unit. Select interiors are well maintained and feature stainless-steel appliances, granite countertops, recessed lighting, white cabinetry, fireplaces, private balconies, and a mix of hard-surface flooring and carpeted bedrooms. Ownership has completed approx. $122,700 in recent capital improvements, further supporting the property's turnkey profile. Major projects include a new roof, six new HVAC units, replacement of the hot water heater, common area LED lighting, replacement of the common area carpet, removal of the popcorn ceiling in the common areas, a new security camera system, and a new control board for the garage gate. The location strengthens the ownership story. Ventura Blvd. and Tarzana Village provide a practical mix of restaurants, cafes, markets, fitness uses, and daily-use services within walking distance, while Reseda Blvd. and the 101 Freeway connect residents throughout the San Fernando Valley. Providence Cedars-Sinai Tarzana Medical Center, located approx. 0.8 miles away, remains one of the area's most important employment anchors, reinforcing demand from healthcare workers, professional service employees, and long-term Valley residents. Additional long-term optionality may exist through a future condo conversion, supported by the property's larger 2-bdrm. / 2-bath layouts, private balconies, secured parking, and controlled-access configuration, subject to buyer verification. The combination of condition, layout, location, and rent-control positioning gives investors a practical long-term hold in one of the San Fernando Valley's most established residential pockets.

Location

State CA

County Los Angeles

Area Tar - Tarzana

Zoning LAR3

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage, Gated

Community Features Gated

View Y/N No

View None

Total Parking Spaces 22

Building

Faces North

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2160005021

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Kenny Stevens Compass #01090251

NEARBY SCHOOLS & PROPERTIES

Kenneth Lamm

Advisor License ID: 01101162

+1(818) 414-5833

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