With its low in-place GRM of 10.99, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. All seismic retrofit repairs have already been completed by the current owner, allowing a new investor to benefit by saving on an otherwise costly expense (Buyer to verify). Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles south. Mass transit is available nearby, notably from the Metro G (Orange) line just two blocks away.