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1814 Grismer Ave 14 Unit Apartment Building $5,199,000 ($371,357/Unit) 5.17% Cap Rate Burbank, CA 91504
EXECUTIVE SUMMARY
Welcome to Burbank city where an exceptional investment opportunity weights, property is located at the entertainment capital of the world, desirable area in the city of Burbank. With its proximity to major studios, entertainment hubs Burbank town center, IKEA, Empire center, Cost, dining, and shopping. Well, maintain property consist of 14 units (10@1+1 2@ 2+2 2@ studio +1). with swimming pool and common laundry area. 12 parking space +3 tandem Parking. It's an investor's dream come true.
My listings also available
1157 Justin Ave Glendale CA 91201,
1138 N Parish PL Burbank CA 91206
335-337 E Providencia Ave Burbank 91502
My listings also available
1157 Justin Ave Glendale CA 91201,
1138 N Parish PL Burbank CA 91206
335-337 E Providencia Ave Burbank 91502
PROPERTY FACTS
| Price | $5,199,000 | Apartment Style | Low-Rise |
| Price Per Unit | $371,357 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.17% | Building Size | 9,906 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Zoning | R4, Burbank - R3 Uses, Churches, Schools, Childcare, Homeless Shelter | ||
| Price | $5,199,000 |
| Price Per Unit | $371,357 |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,906 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R4, Burbank - R3 Uses, Churches, Schools, Childcare, Homeless Shelter |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Granite Countertops
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 10 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 2468-005-023 | Improvements Assessment | $2,553,286 |
| Land Assessment | $1,694,453 | Total Assessment | $4,247,739 |
PROPERTY TAXES
Parcel Number
2468-005-023
Land Assessment
$1,694,453
Improvements Assessment
$2,553,286
Total Assessment
$4,247,739
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1814 Grismer Ave
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