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198 W Elmwood Ave 6 Unit Apartment Building $2,495,000 ($415,833/Unit) 4.67% Cap Rate Burbank, CA 91502
Investment Highlights
- Stove in Each Unit; three units have Refrigerator and two units have dishwasher.
- Fans in all units
- Shared front yard
- Coin Laundry (machines owned)
- Six covered parking spaces each with storage space
- Newer roof
Executive Summary
Amazing 6 unit apartment building in excellent high demand area with no rent control in desirable Burbank. All units are 2 bedrooms, 1 bath with spacious light & bright living room, nice size kitchen with dining area, all dual pane windows, recessed lighting, lots of closet space & good size rooms. The building itself is well maintained and has newer roof, mostly copper plumming, some newer sewer lines, 6 covered parking spots and laundry room. All this comes with desirable location close to Downtown Burbank with its restaurants, cafes, mall & movie theaters. Two of the units are ready for your market rent tenants
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $415,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.67% | Building Size | 4,804 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | BUR4 - Multiple Dwelling | ||
| Price | $2,495,000 |
| Price Per Unit | $415,833 |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,804 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | BUR4 - Multiple Dwelling |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Double Pane Windows
- Linen Closet
- Smoke Free
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,395 | 800 |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 2451-001-035 | Total Assessment | $2,132,605 |
| Land Assessment | $853,041 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,279,564 | Tax Year | 2025 |
Property Taxes
Parcel Number
2451-001-035
Land Assessment
$853,041
Improvements Assessment
$1,279,564
Total Assessment
$2,132,605
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Trinity Real Estate & Investments
198 W Elmwood Ave
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