Property listed by Avison Young – Southern CA LTD, Christopher Baer 213-935-7430
$1,999,999
We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment… Read More building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors.* Impeccably maintained fourplex* Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank)* 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents.* Conveniently located west of the 5 freeway between Alameda and Olive* Burbank schools!!* Owner may finance for a qualified buyer. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
6
Square Ft.
2,824
Lot Size
0.16 Acres
Year Built
1938
MLS Number
26633817
Additional Details
Appliances & Equipment
Dishwasher, Disposal, GasRange, Dryer
Building
Built in 1938, Living area: 2824.0, 2 buildings, Building faces South, 1 storey, Levels: Two, Entry location: Living Room, Construction Materials: Frame
Doors
SlidingDoors
Exterior Features
Patio/Porch Features: Porch
Fireplaces
LivingRoom
Floors
Laminate
Garage
8 spaces
Heating
Central
Income
Gross Income: $122,700, Net Operating Income: $95,308
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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