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.