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 地块面积
投资
内置于 1949
MLS/房源编号 SR26147163
1 故事
4 单元
构图
Public Sewer
Public Water
瓷砖
地毯
Heating - Wall Furnace
主层卧室
所有卧室位于底层
堆叠
外部
洗衣柜
内部
Lot - Cul-de-sac
Parking - RV Potential
Parking - On Site
Parking - Garage
Parking - Driveway Level
Parking - Door Single
双层玻璃窗
微波炉
燃气灶
洗碗机
Style - Mid Century Modern
Community - Sidewalks
Cooling - Wall/window unit(s)
锻铁
乙烯基
每月总费用
US$0
US$0
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