Active
$1,999,999
0%
4 Units
6 Beds
4 Baths
2,824 Area(sq.ft.)
Lot: 6,946 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,803 | $ 1,803 | $ 2,000 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,607 | $ 1,607 | $ 2,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,715 | $ 1,715 | $ 2,000 |
| Unit 4 | 1 | 3 | 1 | No | $ 3,300 | $ 3,300 | $ 4,000 |
| 4 | 6 | 4 | $ 8,425 | $ 8,425 | $ 10,000 |
| MLS #: | 24-417603 |
| Days On Market: | 584 |
| Listing Date: | July 1, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 708 |
| Price per unit: | $ 500,000 |
| Year Built: | 1938 |
Property Details
We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors.* Impeccably maintained fourplex* Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank)* 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents.* Conveniently located west of the 5 freeway between Alameda and Olive* Burbank schools!!* Owner may finance for a qualified buyer.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 119,100 |
| Total Annual Expense: | $ 27,392 |
| Net Operating Income: | $ 91,708 |
| Gross Annual Income: | $ 119,100 |
| Cap Rate: | 4.5% |
| Gross Rent Multiplier: | 16.79 |
| Actual Gross Rent: | $ 119,100 |
| Actual Rent Total: | $ 119,100 |
Structure
| Type of Units: | 1 SFR, 3 1+1 |
| Buildings: | 2 |
| Levels: | Two |
| Sewer: | In Street Paid |
| View Description: | Hills |
| Water: | District |
Land & Parking
| Zoning: | BUR4* |
| Land Lease Type: | Fee |
| Parking Garage: | Attached, Garage - 1 Car, Garage - 2 Car, Garage, Uncovered |
Interior
| Cooking Appliances: | Gas/Electric Range |
| AC/Cooling: | Air Conditioning |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Cable, Garbage Disposal |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Kitchen Features: | Counter Top |
| Laundry: | Garage |
| Patio Features: | Porch |
Exterior
| Exterior Construction: | Frame, Hard Coat |
| Roof: | Composition, Shingle |
Detailed Map
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Income
