445 S Main St - Apartments FOR SALE


Burbank, CA 91506- Rancho Adjacent
$2,000,000 USD
310-779-9929
445 S Main St, Burbank, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/23
null | 7.5% Cap Rate

445 S Main St
Burbank, CA 91506
Rancho Adjacent


HIGHLIGHTS

  • 4 units
  • Excellent cap rate of 7.5%
  • Excellent GRM of 9.92
  • 100% delivered vacant
  • Potential to develop 9 units
  • Individually metered for gas and electric

OVERVIEW

True North CRE of Compass Commercial, in collaboration with Nicole Costas of Compass, is proud to present 445 S Main Street — a rare, four-unit multifamily offering located in the highly sought-after city of Burbank, California. Originally constructed in 1906, the property comprises three separate structures situated on a generous 21,275 square-foot lot zoned BUR3-R1, providing a range of value-add or redevelopment possibilities. The existing improvements include two single-family residences and one duplex, for a total of four units. Each unit features a 2-bedroom / 1-bath layout will be delivered 100% vacant, presenting investors or developers with complete flexibility to reposition, renovate, or rebuild. All units are separately metered for gas and electricity and include individual water heaters—minimizing operating expenses to water, trash, and common-area electricity. Strategically positioned near the 5, 134, and 101 Freeways, the property offers exceptional access to major employment centers across Burbank, Glendale, Hollywood, and the San Fernando Valley, including Warner Bros., Disney, and NBCUniversal studios. With its prime location, substantial lot size, and versatile zoning, 445 S Main Street presents a rare opportunity for investors and developers seeking long-term upside in one of Los Angeles’ most stable and desirable submarkets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$565 USD /SF

# OF UNITS

4

PRICE/UNIT

$500,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VACANT 2 Single Family Homes + Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

BUR3-R1

APN/PARCEL ID

2445-001-012

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

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