Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, interior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer pro forma cap rate of approximately 5.7% (buyer to verify). Situated on a generous 7,748 SF lot with potential future expansion or redevelopment opportunities (buyer to verify with the City of Burbank), this is an exceptional opportunity to acquire a quality investment property in one of Burbank's most sought-after rental neighborhoods.
2,492 Sq Ft
7,758 Sq Ft Partistørrelse
investering
Bygget i 1949
MLS/Oppførings-ID SR26147163
1 Historier
4 Enheter
Sammensetning
Public Sewer
Public Water
Fliser
Teppe
Heating - Wall Furnace
Soverom på hovedetasjen
Alle soverom i underetasjen
Stacked
Utenfor
Vaskerom
Inside
Lot - Cul-de-sac
Parking - RV Potential
Parking - On Site
Parking - Garage
Parking - Driveway Level
Parking - Door Single
Doble vinduer
Mikrobølgeovn
Gasskomfyr
Oppvaskmaskin
Style - Mid Century Modern
Community - Sidewalks
Cooling - Wall/window unit(s)
Smijern
Vinyl
TOTAL MÅNEDLIG KOSTNAD
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