Log In/Sign Up
Your email has been sent.
271 W Ash Ave 4 Unit Apartment Building $1,999,000 ($499,750/Unit) 4.77% Cap Rate Burbank, CA 91502
Investment Highlights
- Owner Financing Available to Qualified Buyers
- Six (6) 10' X 30' Garages
- Potential for ADU per City of Burbank
- Burbank School District
- One (1) Two (2) Car Garage attached to the House
Executive Summary
-Impeccably maintained fourplex ideal for an Owner / Investor to occupy the House and Capitalize on the Tenants in place.
-Property consists of a 2 + 1 Single Family Residence with a den and a two (2) car garage; three (3) 1 + 1 apartment units and six (6) 10 X 30 garages. Ideal for contractor, storage or potential ADU’s (Buyer to independently verify with City of Burbank)
-4.8% cap / 16 GRM at current rents and new tax base. 5.7% cap/14% GRM at proforma rents.
-Conveniently located west of the 5 freeway between Alameda and Olive.
-Burbank School District.
-Owner may finance for a qualified buyer.
-Property consists of a 2 + 1 Single Family Residence with a den and a two (2) car garage; three (3) 1 + 1 apartment units and six (6) 10 X 30 garages. Ideal for contractor, storage or potential ADU’s (Buyer to independently verify with City of Burbank)
-4.8% cap / 16 GRM at current rents and new tax base. 5.7% cap/14% GRM at proforma rents.
-Conveniently located west of the 5 freeway between Alameda and Olive.
-Burbank School District.
-Owner may finance for a qualified buyer.
Property Facts
| Price | $1,999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $499,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.77% | Building Size | 2,824 SF |
| Gross Rent Multiplier | 17 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 4.96/1,000 SF |
| Zoning | BUR4* | ||
| Price | $1,999,000 |
| Price Per Unit | $499,750 |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| Gross Rent Multiplier | 17 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,824 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 4.96/1,000 SF |
| Zoning | BUR4* |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 2451-033-006 | Improvements Assessment | $165,548 |
| Land Assessment | $146,844 | Total Assessment | $312,392 |
Property Taxes
Parcel Number
2451-033-006
Land Assessment
$146,844
Improvements Assessment
$165,548
Total Assessment
$312,392
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
271 W Ash Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.