310-312 Cornell Dr - Apartments FOR SALE


Burbank, CA 91504
$1,950,000 USD
818-640-4360
310-312 Cornell Dr, Burbank, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/20
null | 4.49% Cap Rate

310-312 Cornell Dr
Burbank, CA 91504


HIGHLIGHTS

  • Pride of ownership 6 unit apartment building located in an excellent rental pocket in Burbank
  • First time on the market in over 36 years
  • Substantial upside in rents
  • Subject to AB1480 rent control
  • Property has a new roof and six enclosed garages. ADU potential

OVERVIEW

Equity Union Commercial is proud to represent this 6 unit apartment building located in Burbank. The building was constructed in 1952. Its unit mix consists of (5) 1+1 units and (1) 2+1 units. With a lot size of 7,400 square feet, the property has a total of 3,770 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$517 USD /SF

# OF UNITS

6

PRICE/UNIT

$325,000

CAP RATE

4.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BUR4*

APN/PARCEL ID

2460-004-015

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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