257 E Valencia Ave | Burbank, CA 91502
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- LoopNet Team
257 E Valencia Ave
Burbank, CA 91502
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Prime Burbank location within walking distance to retail shops, restaurants, and other amenities.
- Constructed in 1993.
- Strong tenant demand with robust absorption rates, proving an ideal investment destination.
- Excellent unit mix of 22 two bedroom units and 2 one bedroom units.
- No local rent control restrictions; Subject to AB 1482
- Significant upside in rents.
Property Facts
| No. Units | 18 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 23,206 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1993 |
| Building Class | B | Parking Ratio | 0.69/1,000 SF |
| Zoning | R4, Burbank | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 23,206 SF |
| No. Stories | 3 |
| Year Built | 1993 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | R4, Burbank |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 825 |
| 2+1 | 14 | - | 940 |
| 2+2 | 2 | - | 1,025 |
Property Taxes
| Parcel Number | 2453-037-056 | Improvements Assessment | $7,074,720 |
| Land Assessment | $3,610,188 | Total Assessment | $10,684,908 |
Property Taxes
Parcel Number
2453-037-056
Land Assessment
$3,610,188
Improvements Assessment
$7,074,720
Total Assessment
$10,684,908
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