2317 N Frederic St
Burbank, CA 91504
16 Units - Burbank - $4M @ 4.33% CAP / 16 GRM · Multifamily Property For Sale · 16 Units

Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire Frederic Place, a 16-unit, non-rent controlled apartment community located in the highly sought-after city of Burbank, California. Built in 1951, this wood frame and stucco building consists of fourteen one-bedroom units and two two-bedroom units with easy access to the I-5 freeway and minutes away from Burbank Airport. 2317 North Frederic Street offers tenants excellent proximity to some of Burbank’s finest amenities, such as the Burbank Town Center, AMC Burbank Theatres, and the downtown Burbank strip. The property is also located within walking distance to Woodbury University, which has a total enrollment of over 1,600 undergraduate and graduate students. 2317 North Frederic Street 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.