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2001 Peyton Ave
Burbank, CA 91504
Huge 500k Reduction! 6% Cap Rate & 273k/door! · Multifamily Property For Sale
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20 Units
Investment Highlights
- Rare non-rent controlled 20-unit building (85% occupied) in the prime Burbank area, priced at only $273,000 per door for renovated units.
- Incredible current cap rate of 6% and 12.1 GRM with upside potential to reach a 6.5% cap rate and 11.3 GRM on proforma.
- 2001 Peyton Avenue has an easy-to-rent unit mix comprising only studios that are individually metered for electricity.
- With a large lot size of 0.44 acres, this apartment community has the potential to add multiple ADUs to capitalize on future upside.
- Prime Burbank location is just minutes away from media giants such as Warner Bros Studios, Walt Disney Studios, and Burbank Town Center Shopping Mall.
Property Facts
| No. Units | 20 | Building Size | 9,232 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2023 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.44 AC | ||
| Zoning | BUR4* - R4 (MULTIFAMILY) | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 9,232 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | BUR4* - R4 (MULTIFAMILY) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
Site Amenities
- Picnic Area
Property Taxes
| Parcel Number | 2468-016-004 | Improvements Assessment | $2,080,800 |
| Land Assessment | $1,924,740 | Total Assessment | $4,005,540 |
Property Taxes
Parcel Number
2468-016-004
Land Assessment
$1,924,740
Improvements Assessment
$2,080,800
Total Assessment
$4,005,540
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