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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
- 4 Units Leased!
- Coin Laundry Available
- Appliances in each unit
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
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 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2451-001-035 | Improvements Assessment | $1,279,564 |
| Land Assessment | $853,041 | Total Assessment | $2,132,605 |
PROPERTY TAXES
Parcel Number
2451-001-035
Land Assessment
$853,041
Improvements Assessment
$1,279,564
Total Assessment
$2,132,605
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Trinity Real Estate & Investments
198 W Elmwood Ave
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