360 W Alameda Ave - Apartments FOR SALE


Burbank, CA 91506- Rancho Adjacent
$3,900,000 USD
818-640-4360
360 W Alameda Ave, Burbank, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/27
null | 3.69% Cap Rate

360 W Alameda Ave
Burbank, CA 91506
Rancho Adjacent


HIGHLIGHTS

  • Pride of ownership 12 unit apartment building in excellent media district of Burbank
  • First time on the market in 42 years
  • Property is two separate assessor parcel numbers and is situated on a 18,480 square foot lot
  • The property has an excellent unit mix consisting of (8) two bedroom one bath units and (4) one bedroom one bath unit. The units are large
  • Substantial upside in rents; Burbank is subject to AB1482 rent control
  • Building has a pitched roof, mostly copper plumbing, and new windows. Units have been upgraded with new flooring as the units have turned

OVERVIEW

Equity Union Commercial is proud to represent this 12 unit apartment building in an excellent rental pocket in the heart of Burbank. The building was constructed in 1953. Its unit mix consists of (4) 1+1 units and (8) 2+1 units. With a lot size of 18,480 square feet, the property has a total of 11,440 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

$3,900,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

12

PRICE/UNIT

$325,000

CAP RATE

3.69%

% 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

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,480 SF

ZONING

BUR4*

APN/PARCEL ID

5625-020-004

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.