New Roof & Electrical | Corner Location 1138 N Parish Pl 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 4.74% Cap Rate Burbank, CA 91506

Marcus & Millichap is pleased to announce the opportunity to purchase the 1138 N Parish Place, a 6-unit multifamily property located in Burbank, CA. Occupying a corner lot with high visibility along Victory Boulevard, the two buildings attract tenants who appreciate convenient access to the Burbank Empire Center, Downtown Burbank, and the Burbank Town Center. Every unit has been upgraded, featuring new wood flooring, new vinyl windows, new AC units, and remodeled kitchens. The entire property has been updated with a new main electrical panel, new subpanels and breakers, a new roof, new asphalt, a new laundry room, and a new security system. The property also recently passed the SB 721 elevated walkways inspection (Buyer to verify). Dubbed the “Media Capital of the World,” the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.