Active
$2,150,000
4%
7 Units
5 Beds
3 Baths
7,373 Area(sq.ft.)
Lot: 10,764 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 5 | 2 | 1 | No | $ 1,993 | $ 9,966 | $ 2,200 |
| Unit 2 | 2 | 3 | 2 | No | $ 2,399 | $ 4,797 | $ 3,200 |
| 7 | 16 | 9 | $ 14,763 | $ 59,424 | $ 17,400 |
| MLS #: | TR25069151MR |
| Days On Market: | 248 |
| Listing Date: | April 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 292 |
| Price per unit: | $ 307,143 |
| Year Built: | 1965 |
Property Details
Exceptional Investment Opportunity in Prime Burbank! Introducing a chance to own a 7-unit apartment building, NEWLY ROOFED in 2024 with a copper re-pipe in 2015, ideally situated in the bustling heart of Burbank, California. With 7,373 square feet of living space sprawled over a 10,764 square-foot lot, this two-story gem offers both location and potential, making it a must-see for savvy investors. Centrally located just minutes from the vibrant Burbank Empire Center, it provides tenants easy access to a wide range of shopping and dining options. The building comprises five spacious two-bedroom, one-bath units, and two generous three-bedroom, two-bath units. Parking includes three garage spaces and six carports, each with additional storage. A community laundry room with coin-operated machines adds tenant convenience and generates an additional income stream. With its potential for reorganization, this property offers significant upside income opportunities, perfect for those looking to expand their investment portfolio in a high-demand rental market. Don t miss your chance to invest in this highly sought-after area.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 170,098 |
| Total Annual Expense: | $ 63,040 |
| Net Operating Income: | $ 107,058 |
| Cap Rate: | 5% |
| Gross Rent Multiplier: | 12.01 |
| Actual Gross Rent: | $ 14,006 |
Structure
| Community Features: | Sidewalks |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | BUR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport, Direct Entrance, Garage, Garage - 1 Car, Garage - 2 Car |
Interior
| AC/Cooling: | Central, Wall/Window Unit(s) |
| Equipment: | Community, Dryer, Dryer Included, Room, Washer, Washer Included |
| Heating: | Central, Wall |
| Fireplace Rooms: | None |
| Laundry: | Community, Dryer, Dryer Included, Room, Washer, Washer Included |
| Laundry Equipment: | Own |
| Laundry Income: | 1800.00 |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
