$675,000 - 2 Bedroom, 1350 sq ft - Beautiful 2 + Den, 2.5 Bath Townhouse for Sale. Save Up to 70% on Commissions (Sherman Oaks)

About This House

Now being offered as an investment property.

This unit is available for lease at $3,450 per month or for purchase at $675,000.

As the owner, I cover the real estate taxes, HOA dues, and a basic rental property insurance policy. The resulting Net Operating Income is approximately $28,000 annually.

Based on the $675,000 investment, this equates to a capitalization rate of roughly 4.0%, which is exceptionally uncommon in the current investment climate. This calculation even incorporates projected new property tax rates, not the current lower ones.

You benefit from an attractive cap rate combined with minimal maintenance responsibilities. The tenants are responsible for a home warranty policy, which should address all interior maintenance issues.

The address is 13412 Burbank Blvd. #1, Sherman Oaks, CA 91401.

Property Overview

Presented for sale is a spacious and attractive townhouse, measuring approximately 1,350 square feet, located in a desirable area of Sherman Oaks.

The asking price is $675,000. This represents the most favorable value available for a townhouse of this size in Sherman Oaks, featuring two bedrooms plus a den.

Interior Features

This is a front-facing unit, filled with abundant natural light, creating a very bright atmosphere. Upstairs, you will find two generously sized bedrooms. The lower level includes a room suitable for use as a third bedroom, den, home office, or study. A half bathroom is also located on this floor.

The upper level hosts two expansive bedrooms. The master suite includes a private bathroom and a sitting area, complemented by three closets. The bathroom features a pleasing shower. The second bedroom is also very large, with a second full bathroom conveniently located nearby. Both bedrooms boast cathedral ceilings and share no common walls with neighboring units. A washer and dryer are included on this level.

The previous tenant installed new flooring on the second floor.

The downstairs area comprises a vast great room. This flexible space can be kept as one large area or divided into distinct living and dining areas, complete with a wood-burning fireplace. The kitchen is well-appointed with granite countertops and includes an eat-in area.

Community Amenities

The unit comes with two private, side-by-side parking spaces located beneath it, in addition to ample storage. The complex offers a pool, spa, barbecue area, and plenty of space for relaxation. There are only ten units in the entire community. The owner is responsible for water, hot water, trash, and sewer services. The tenant is required to maintain home warranty insurance and renter\'s insurance.

Showings will not be scheduled without an accepted offer in place.

About the Agent

If this property isn\'t the right fit, please note I bring 45 years of experience as a licensed real estate agent. I offer substantial commission discounts of up to 70% off, and/or rebates to buyers, which can also reach as high as 70%, depending on the purchase price and the complexity of the transaction.

Douglas Weitzman
Attorney at Law
Real Estate Broker (DRE # 00614072)
douglas@weitzman.com
310-555-9876 (cell)