Now listed as an investment.
Rented for $3,350 to great tenants and they pay for everything.
I pay RE taxes, HOA and basic rental property insurance.
The NOI is about $27,000.
On a $640,000 investment, that is a cap rate of about 4.
2! (very rare in this investment environment!).
And that includes estimated new RE taxes, not current.
Great cap rate plus easy maintenance.
There is a home warranty that the tenants pay that should take care of all interior maintenance.
13412 Burbank Blvd.
#1, Sherman Oaks, CA 91401.
Up for sale is a beautiful, large (approx.
1350 sq.
ft.
) townhouse in a great area of Sherman Oaks.
The sale price is $639,900.
This is currently the best deal in town for a townhouse in Sherman Oaks this size with 2 bedrooms and a den.
This is a front unit, with so much light and so very bright! 2 huge bedrooms upstairs, 1 room downstairs that could be a 3rd bedroom, den, maids room, study.
Also has a half bath.
Upstairs are 2 huge bedrooms.
Master has en-suite bath and sitting area.
3 closets! Nice shower in bath.
2nd bedroom is also very large, second full bath adjacent.
Both bedrooms have cathedral ceilings.
No common walls to bedrooms.
Washer/Dryer also on this level and included.
Previous tenant put in new floors on second floor.
Downstairs is huge great room.
Can be just one huge room or suited for living room, dining room with WB fireplace.
Amazing space.
Nice kitchen with granite countertops.
Eat in area.
Unit has 2 car private side by side parking under unit, plus lots of storage.
Complex has pool, spa, BBQ area and lots of room to relax.
Only 10 units in complex.
Owner pays water, hot water, trash and sewer.
Tenant will pay for home warranty insurance and renter's insurance.
No showings without accepted offer.
If this isn't right, I have 46 years experience as a licensed agent.
And I offer huge commission discounts of up to 70% off and/or rebates to buyers, that can also be as high as 70% depending on price and amount of work involved.
Douglas Weitzman
Attorney at Law
Real Estate Broker (DRE # 00614072)
show contact info
show contact info (cell)
Whatsapp
