457 W Elm Ave - Apartments FOR SALE


Burbank, CA 91506- Rancho Adjacent
$4,500,000 USD
209-401-7668
457 W Elm Ave, Burbank, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/4
null | 4.32% Cap Rate

457 W Elm Ave
Burbank, CA 91506
Rancho Adjacent


OVERVIEW

Peak Commercial is pleased to present the opportunity to acquire 455 W Elm Avenue, a 12-unit multifamily investment property located in Burbank's desirable Rancho Adjacent submarket. The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

12

PRICE/UNIT

$375,000

CAP RATE

4.32%

% 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

14

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,679 SF

ZONING

BUR4*

APN/PARCEL ID

5625-022-005,5625-030-013

ASK ABOUT THIS PROPERTY

William WhitePeak CommercialMore Info
209-401-7668

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William WhitePeak CommercialMore Info
209-401-7668

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