198 W Elmwood Ave - Apartments FOR SALE


Burbank, CA 91502- Rancho Adjacent
$2,495,000 USD
818-281-0478
198 W Elmwood Ave, Burbank, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/17
null | 4.67% Cap Rate

198 W Elmwood Ave
Burbank, CA 91502
Rancho Adjacent


HIGHLIGHTS

  • 4 Units Leased!
  • Appliances in each unit
  • Coin Laundry Available

OVERVIEW

Amazing 6 unit apartment building in excellent high demand area with no rent control in desirable Burbank. All units are 2 bedrooms, 1 bath with spacious light & bright living room, nice size kitchen with dining area, all dual pane windows, recessed lighting, lots of closet space & good size rooms. The building itself is well maintained and has newer roof, mostly copper plumming, some newer sewer lines, 6 covered parking spots and laundry room. All this comes with desirable location close to Downtown Burbank with its restaurants, cafes, mall & movie theaters. Two of the units are ready for your market rent tenants

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

4.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BUR4

APN/PARCEL ID

2451-001-035

ASK ABOUT THIS PROPERTY

Silvia RaghebTrinity Real Estate & InvestmentsMore Info
818-281-0478

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Silvia RaghebTrinity Real Estate & InvestmentsMore Info
818-281-0478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.