652 N Whitnall Hwy - Apartments FOR SALE


Burbank, CA 91505- Magnolia Park
$1,699,000 USD
626-344-6410
652 N Whitnall Hwy, Burbank, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/7
null | 5.19% Cap Rate

652 N Whitnall Hwy
Burbank, CA 91505
Magnolia Park


HIGHLIGHTS

  • Soft story seismic retrofit completed
  • Newer roof
  • Excellent location near studios, shops, parks, and transportation routes

OVERVIEW

Rare opportunity to acquire a well-maintained 5-unit apartment property in Burbank featuring a desirable two-bedroom dominant unit mix, strong in-place income, completed soft-story seismic retrofit, and reroofed building. The property offers individually metered gas and electric, covered parking, on-site laundry, and several renovated units. Attractive current cash flow combines with rental upside to provide both immediate income and long-term value creation. Ideally positioned near major employment centers, transportation routes, and the studios, this professionally maintained asset represents an excellent opportunity for investors seeking a quality Southern California multifamily property with reduced deferred maintenance and stable long-term fundamentals.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

5

PRICE/UNIT

$339,800

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,672 SF

ZONING

R4, Burbank

APN/PARCEL ID

2480-018-029

ASK ABOUT THIS PROPERTY

Mary BaldryCentury 21 Village RealtyMore Info
626-344-6410

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Mary BaldryCentury 21 Village RealtyMore Info
626-344-6410

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