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1138 N Parish Plz 6 Unit Apartment Building $2,195,000 ($365,833/Unit) 4.72% Cap Rate Burbank, CA 91506
INVESTMENT HIGHLIGHTS
- Prime Burbank 6-Unit Investment
- Remodeled unit interiors
- On-site laundry room with washer and dryer
EXECUTIVE SUMMARY
Prime Burbank 6-Unit Investment Opportunity Presenting a well-maintained 6-unit multifamily property in a prime Burbank rental location. The property features: • 6 one-bedroom, one-bathroom units across two separate buildings • Corner lot at Parish Place and Victory Boulevard • Copper plumbing throughout • Recently updated with partial new roof • Fresh exterior paint • Remodeled unit interiors • On-site laundry room with washer and dryer • New asphalt paving • Updated electrical sub-breakers Top ranked schools Excellent location near Burbank amenities including Costco, Burbank Empire Center, major studios, Media Mall, restaurants, Burbank Library, St. Joseph Hospital, and Burbank Airport. Enjoy convenient access to the Chandler bike path, I-5 and 134 freeways, and Burbank Metro Link. Situated in "the media capital of the world," this property offers strong investment potential in a highly desirable rental market.
My active listings
1157 Justin Ave Glendale CA 91201,
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335-337 E Providencia Ave Burbank 91502
My active listings
1157 Justin Ave Glendale CA 91201,
1814 Grismer Ave Burbank CA 91504
335-337 E Providencia Ave Burbank 91502
PROPERTY FACTS
| Price | $2,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $365,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.72% | Building Size | 3,120 SF |
| Gross Rent Multiplier | 13.55 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 0.83/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | BUR4* - Medium Density Multiple Residence | ||
| Price | $2,195,000 |
| Price Per Unit | $365,833 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 13.55 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,120 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | BUR4* - Medium Density Multiple Residence |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2438-024-022 | Improvements Assessment | $1,175,652 |
| Land Assessment | $782,901 | Total Assessment | $1,958,553 |
PROPERTY TAXES
Parcel Number
2438-024-022
Land Assessment
$782,901
Improvements Assessment
$1,175,652
Total Assessment
$1,958,553
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1138 N Parish Plz
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