252 W Elm Ave | Burbank, CA 91502
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252 W Elm Ave
Burbank, CA 91502
Reduced $145,000 | 12.96 GRM* / 5.25% CAP* · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- NO LOCAL RENT CONTROL / ONLY SUBJECT TO CA AB1482
- RARE OPPORTUNITY FOR INVESTORS SEEKING BUILDING OF SIZE IN CITY OF BURBANK
- PARKING, POOL, LAUNDRY, AND ACCESS TO THE BURBANK CHANNEL BIKEWAY
- STABILIZED PROPERTY, APPROXIMATELY 14 OUT OF 16 UNITS HAVE UNDERGONE VARIOUS UPDATES
- ATTRACTIVE UNIT MIX, WITH 80% OF THEM BEING TWO BEDROOMS
- MINUTES AWAY FROM ENTERTAINMENT STUDIOS/INDUSTRIAL LANDMARKS AND CONVIENENTLY LOCATED NEAR 134 AND 5 FWY
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 11,589 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Zoning | R4, Burbank - Medium Density Multiple Residence | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 11,589 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R4, Burbank - Medium Density Multiple Residence |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,695 | 1 |
| 1+1 | 2 | $2,170 | 1 |
| 2+1 | 13 | $2,280 | 1 |
PROPERTY TAXES
| Parcel Number | 5625-014-010 | Improvements Assessment | $2,968,729 |
| Land Assessment | $1,979,152 | Total Assessment | $4,947,881 |
PROPERTY TAXES
Parcel Number
5625-014-010
Land Assessment
$1,979,152
Improvements Assessment
$2,968,729
Total Assessment
$4,947,881
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