17340 Burbank Blvd

Encino, CA 91316

$6,150,000
Last Sold Price
39
Beds
39
Baths
24,730 Sq. Ft.
$249 / Sq. Ft.
24,730
Sq. Ft.
$249
per Sq. Ft.
Sold 10/31/25
Sold 10/31/25
a view of a house with a yard
a front view of a building
a view of an outdoor space
a view of city
an aerial view of a building with garden space and mountain view
a view of a city
an aerial view of a large swimming pool
a view of balcony with wooden floor
wooden floor in an empty room with a window
a view of livingroom with hardwood floor and ceiling fan
a view of an empty room with wooden floor and a ceiling fan
a view of a room with wooden floor and fan
a bathroom with a granite countertop sink a toilet and a mirror
a view of an empty room
a bathroom with a granite countertop sink and a mirror
a bathroom with a granite countertop sink a mirror and a bathtub
a view of empty room with wooden floor
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a kitchen with granite countertop a sink stove and cabinets
a view of an empty room with a window
a view of an empty room with wooden floor and a window

Description

17340 Burbank Blvd presents an exceptional multifamily investment opportunity in the heart of Encino, adjacent to the highly desirable neighborhoods of Sherman Oaks, Tarzana, and Van Nuys. Offered for the first time in over 50 years, this property combines a premier location with significant upside potential. The property consists of 24,370 square feet of improvements situated on an expansive 28,394 square-foot lot, offering strong curb appeal and potential for future development or amenity enhancements....17340 Burbank Blvd presents an exceptional multifamily investment opportunity in the heart of Encino, adjacent to the highly desirable neighborhoods of Sherman Oaks, Tarzana, and Van Nuys. Offered for the first time in over 50 years, this property combines a premier location with significant upside potential. The property consists of 24,370 square feet of improvements situated on an expansive 28,394 square-foot lot, offering strong curb appeal and potential for future development or amenity enhancements. The community features a diverse and desirable unit mix of Fourteen 1BR/1BA, Twelve 2BR/2BA, and One 3BR/2BA residences appealing to a wide range of renters. Each residence is equipped with central air conditioning, and many include private balconies. Tenants enjoy a sparkling community pool and the security and convenience of gated parking, enhancing comfort, lifestyle, and retention. Separately metered gas and electric further maximize operational efficiency for ownership. With approximately 30% upside in achievable market rents, this asset offers a compelling value-add opportunity for investors seeking both immediate income growth and long-term appreciation. Residents benefit from walkable access to fine dining, boutique shopping, and abundant entertainment options solidifying the property's standing in one of the San Fernando Valley's most sought-after rental markets. This is a rare opportunity to acquire a legacy multifamily property in a thriving Encino location stable, well-maintained, and positioned for its next chapter of growth.
  1. Listed by Michael Monempour • DRE #01996829 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Tony Azzi • DRE #00910513 • Brokerage DRE #00910513 • Tony Azzi

Property Details for 17340 Burbank Boulevard

Zoning
LAR3
Parcel Number
2254036023
Total Units
27.0
Living Area
24730
Source Living Area
Vendor Enhanced
Area
Encino (ENC)
Vacancy Rate
7.4
Lot Size Area
28402
LISTING UPDATED: 11/03/2025 01:21 PM

Property Details for 17340 Burbank Boulevard

StatusSold
MLS #25579221
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.65 AC / 28,402 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829; Tony Azzi, Tony Azzi, DRE #00910513

Sold By Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829

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Building Information for 17340 Burbank Boulevard

Stories-Residences-Year Built1964Building Size-Lot Size0.65 AC / 28,402 SF

Payment Calculator

$31,441 per month

30 year fixed, 6.15% Interest

Principal and Interest

$29,974

Property Taxes

$1,467

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 17340 Burbank Boulevard

Community / Development
Community / Development
  • Number Of Units: 27
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 1 2 & 3's
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $566,344
  • Net Operating Income: $326,067.00
  • Gross Income: $583,769
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: $11.14
  • Actual Annual Gross Rent: $580,848.00
  • Financial Info as Of: 08/15/2025
  • Total Annual Expense: 240277
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.652
  • Lot Size Square Feet: 28402
  • Lot Size Dimensions: 130x217
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Above Street Level, Gated
  • Total Parking: 0
  • Parking Features: Driveway Down Slope From Street, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central
  • Cooling Type: Central
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-15-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,676.00
  • Unit Actual Rent: $23,464.00
  • Unit Projected Rent: $29,400.00
  • Like Units: 14
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,905.00
  • Unit Actual Rent: $22,860.00
  • Unit Projected Rent: $31,800.00
  • Like Units: 12
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,380.00
  • Unit Actual Rent: $2,380.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $854,757.00
  • Assessed Improvement Percent: 78.72
  • Assessed Land Value: $230,995.00
  • Assessed Land Percent: 21.28
  • Assessed Total Value: $1,085,752.00

Property History for 17340 Burbank Boulevard

DateEvent & SourcePriceAppreciation
Oct 31, 2025

Sold

CLAW #25579221

$6,150,000—
Oct 31, 2025

Sold

CRMLS #25579221

$6,150,000—
Oct 21, 2025

Sold (Public Record)

Public Record #1917970019

$6,150,000—
Sep 5, 2025

Pending

CRMLS #25579221

—
Sep 5, 2025

Pending

CLAW #25579221

—
Aug 15, 2025

Listed (Active)

CRMLS #25579221

$6,503,000—
Aug 15, 2025

Listed (Active)

CLAW #25579221

$6,503,000—
DateEvent & SourcePrice
10/31/2025

Sold

CLAW #25579221

$6,150,000
10/31/2025

Sold

CRMLS #25579221

$6,150,000
10/21/2025

Sold (Public Record)

Public Record #1917970019

$6,150,000
09/05/2025

Pending

CRMLS #25579221

—
09/05/2025

Pending

CLAW #25579221

—
08/15/2025

Listed (Active)

CRMLS #25579221

$6,503,000
08/15/2025

Listed (Active)

CLAW #25579221

$6,503,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 17340 Burbank Boulevard

Taxable ValueLand$235,614Additions$871,852Total$1,107,466
Tax Record2025$17,604 ($1,467 / month)
Home Facts
Total Finished SqFt24,730 SqFtAbove Grade Finished SqFt24,730 SqFtLot Size28,394 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2254-036-023

Schools near 17340 Burbank Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Emelita Academy Charter School
Public - K to 5
William Mulholland Middle School
Public - 6 to 8
Reseda Senior High School
Charter - 9 to 12
Birmingham Community Charter High School
Charter - 9 to 12
Rating
School
Distance
Emelita Academy Charter School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Reseda Senior High School
Charter9 to 12

Birmingham Community Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829; Tony Azzi, Tony Azzi, DRE #00910513

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.