8819 Lankershim Blvd
Sun Valley, CA 91352

Bd   — Ba   8,112 Sqft
***INCOME PROPERTY*** 12 Apartment Units * A GREAT INVESTMENT OPPORTUNITY *EXCELLENT MIX* Four units are 2 Bedroom + 1 Bath, and 8 units are 1 Bedroom + 1 Bath. TWO SEPARATE 6 UNIT BUILDING W/ GATED DOUBLE LOTS of 12,494 sq ft. & 8112 Construction.. 4 of the units (2bed+1bath) were build in 1997 and may not need retrofitting (Buyer to investigate). ALL SEPARATE GAS & ELECTRIC METERS...... 26 PARKING SPACES.. Laundry hook up 3 washers & dryers (no outside contract) SITUATED IN A GROWING AREA, GOING RENTAL PRICES ARE VERY HIGH... MINUTES AWAY FROM BURBANK CITY & CITY OF LOS ANGELES..100% occupied with 20%+ upside..GROSS ACTUAL $157,000+ , OPERATING EXPENSES $21,000... PROJECTED GROSS INCOME $200,000.+ ....$<PRICED LOW FOR FASTER SELL .. Property will be sold As Is.. DO NOT DISTURB TENANTS - **DRIVE BY ONLY** They are not aware of the sale... ..Owner has done many upgrades which include, all new exterior stucco paint, many new replacement A/C units and boilers, Front stairs just redone..Each unit has an individual water heater..* Great potential to a new investor**EXTRA INCOME .. Parking, Storage, Billboard sign, etc....***SCEP final Inspection done and passed 9/27/16.*
  • Neighborhood: Sun Valley
  • Days on Movoto: 73
  • Year Built: 1956
  • HOA:
  • $/Sqft: $246
  • Lot: 12,494 Sqft
  • Property Type: Single Family
  • MLS#: SR16179085
  • MLS:
  • Listing Office: Intero Real Estate Services
  • Listing Broker: Irma Vergaray
  • Movoto last checked CRMLS for new data 19 hours ago
  • CRMLS last updated this listing 2 weeks ago

Home Features for 8819 Lankershim Blvd , Sun Valley

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Real Estate Market Statistics of 8819 Lankershim Boulevard , Sun Valley

Sun Valley, California

Total Inventory For Sale

44 Homes

+4% m/m -4% y/y

Median List Price


0% m/m +11% y/y

Median Days On Market

41 Days

-4% m/m -40% y/y

Median House Size

1,577 Sqft

+4% m/m +10% y/y

Median Price Per Square Foot

$321 /Sqft

-1% m/m +4% y/y

Median Price

As of today, there are 44 properties listed for sale in ZIP code 91352 and 44 properties listed for sale in the city of Sun Valley, CA. This property at 8819 Lankershim Blvd in 91352 is currently listed for $1,998,000. This is 300% above the $499,000 median price for Sun Valley and 300% above the 91352 median of $499,000. Of the 44 properties for sale in Sun Valley, 36 are single family homes and 8 are condos. 8819 Lankershim Blvd is a single family home that is approximately 8,112 Sqft, 414% above the Sun Valley median of 1,577 and 414% above the 91352 ZIP code median of 1,577. The price per square foot is $246, which is 23% below the median price in 91352 of $321 and 23% below the Sun Valley median of $321 per square foot.

New Listings in Sun Valley

Built in 1956, this single family house at 8819 Lankershim Blvd is approximately 8,112 square feet and comes with 26 parking spots. It is listed on 08/12/2016 for $1,998,000 with a cost per Sqft of $246. 8819 Lankershim Blvd is located in the Sun Valley neighborhood in the Los Angeles Unified School District. The closest school is Fernangeles Elementary School.

8819 Lankershim Blvd has been on the market for 73 days. The median days on the market for properties in this area is 41 with a median list price of $499,000 and median cost per square foot of $321. It's currently listed as active under the MLS #SR16179085.

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