1321 N Edison Blvd
Burbank, CA 91505
Low Price Per Unit and GRM for Burbank · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Building Size | 9,576 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 0.71/1,000 SF |
| Lot Size | 0.38 AC | ||
| Zoning | R4, Burbank | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,576 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | R4, Burbank |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
About 1321 N EDISON BLVD , BURBANK, CA 91505
Marcus & Millichap is pleased to present 1321 N Edison Boulevard, a multifamily property situated in the center of Burbank, CA, that is not subject to Los Angeles rent control. With a balanced mix of two bedroom, one bedroom, and studio units, the building occupies a large 16,497 square foot lot that is zoned BUR4. Select units have been moderately upgraded, with some combination of new windows, new flooring, new kitchen cabinets, and/or new granite countertops, but the opportunity remains for a new investor to apply an interior improvement plan to reposition the asset for expanded income growth. An additional income stream is provided to the owner via the on-site laundry room. Located two blocks from Porto’s Bakery, the property sits near the intersection of Burbank Boulevard and Hollywood Way, on the border of the famed Magnolia Park neighborhood of Burbank. Toluca Lake is several blocks west of the building, while the Burbank Media District, including Warner Bros Studios, NBC Universal, and Walt Disney Studios, is just southeast of the property. The massive Burbank Empire Center, anchored by both Wal-Mart and Target, and the recently improved Burbank Town Center are both a short drive from the property, providing numerous retail and dining destinations for tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,103 | 400 |
| 1+1 | 5 | $1,387 | 650 |
| 2+1 | 4 | $1,615 | 1,000 |
Property Taxes
| Parcel Number | 2477-012-009 | Improvements Assessment | $864,211 |
| Land Assessment | $465,340 | Total Assessment | $1,329,551 |
Property Taxes
