We are pleased to present a 15-unit apartment property in the highly desirable city of Burbank, California. Built in 1951 and fully renovated in 2023, the property features twelve (12) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) two-bedroom/two-bath unit, totaling approximately 9,841 square feet on a 17,821 square… Read More foot lot. This turnkey property offers all major systems brand new, including electrical, plumbing, and roof, along with modern interiors featuring new countertops, cabinets, flooring, recessed lighting, washer/dryer, and central A/C and heat. The property delivers a 5.64% Day 1 cap rate, providing immediate income for investors. Located just south of Glenoaks Blvd and near Downtown Burbank, residents enjoy convenient access to shopping, dining, and entertainment at Burbank Town Center, AMC Theatres, and San Fernando Boulevard, as well as proximity to major employers such as Disney, Warner Bros., and Nickelodeon Animation. With excellent connectivity to the I-5 Freeway, Magnolia Blvd, and Metrolink stations, this property is a rare opportunity to acquire a well-located, turnkey multifamily asset in one of Los Angeles County's most stable rental markets. Strong fundamentals, a desirable unit mix, and consistent tenant demand make it an attractive investment with upside through rent optimization. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
18
Square Ft.
9,841
Lot Size
0.41 Acres
Year Built
1951
MLS Number
25619085
30 Days Snapshot Of 91502
$875k
0%
(avg) sold price
59
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
9,841 sq ft, Built in 1951, Levels: Multi/Split
Cooling
Central
Disclosures
None
Garage
Uncovered
Heating
Central
Lot
LotAcreage: 0.2076, LotSizeArea: 17,821
Parking
TotalParking: 17
Property
NumberOfUnits: 15, Zoning: BUR4*
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