220 E Valencia Ave
Burbank, CA 91502
12 Units - Burbank - $3M @ 4.77% CAP - 15 GRM · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 7,776 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Zoning | R4, Burbank | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,776 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | R4, Burbank |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
About 220 E VALENCIA AVE , BURBANK, CA 91502
Marcus & Millichap is pleased to present the opportunity to acquire 220 East Valencia Avenue, a 12-unit, non-rent controlled apartment building located in the heart of Burbank, California. The subject property consists of 7,766 square feet of gross area, and is situated on a 7,044-square foot lot zoned BUR4. Built in 1928, the property is 100 percent occupied and features four one-bedroom units and eight studio units. The property also includes a separate parking garage structure, which is generating additional parking space income. Recent improvements to the roof and copper plumbing have been made to the subject property. 220 East Valencia Avenue offers tenants excellent proximity to some of Burbank’s finest amenities, such as the Burbank Town Center, AMC Burbank Theatres, and walking distance to downtown Burbank strip. The subject property is also located within walking distance to Trader Joe’s neighborhood grocery, Ralphs, IKEA, and many other desirable shopping retailers. 220 East Valencia Avenue provides investors the opportunity to acquire a sought-after, non-rent controlled asset in the highly affluent City of Burbank. In addition, savvy investors could capture additional upside through implementing a thorough interior and exterior renovation program to the remaining units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 2453-040-023 | Improvements Assessment | $1,957,064 |
| Land Assessment | $1,308,501 | Total Assessment | $3,265,565 |
Property Taxes
