515 E Elmwood Ave - Apartments FOR SALE
Burbank, CA 91501 |
515 E Elmwood Ave
Burbank, CA 91501
HIGHLIGHTS
- All Two Bedroom/Two Bathroom Units Constructed in 1987 in Prime Burbank Foothills Location, North of Glenoaks Boulevard
- Attractive 5.72% CAP Rate with Rent Upside
- Not Subject to Los Angeles Rent Control -- Burbank’s Proposed Rent Legislation Allows for Higher Rent Increases When Compared to LA City
- Full Copper Plumbing and Central Air/Heat for All Units
- Large Semi-Subterranean Parking Garage with Two Spaces per Unit
- Marketed for Sale for First Time in Over 33 Years
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
1987 Built | All 2+2 Units in Prime Burbank
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
23440
STORIES
3
YEAR BUILT
1987
PARKING SPACES
48
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5621-025-049
