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303 E Alameda Ave
Burbank, CA 91502
303 Apartments · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 17,572 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2017 |
| Building Class | C | ||
| Zoning | BUC2* - Business Urban Centre | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 17,572 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2017 |
| Zoning | BUC2* - Business Urban Centre |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Online Services
- Public Transportation
ABOUT 303 E ALAMEDA AVE , BURBANK, CA 91502
*** CALL FOR OFFERS! OFFER DEADLINE: 5:00PM 12/3/2018 *** The Alexanian Apartment Advisors are pleased to present to you 303EAST, an iconic multi family asset in non rent controlled Burbank Ca. 303EAST is a modernized 20 unit building encompassing spacious floor plans with upgraded units. The offering is being delivered at 16.4 GRM on current in-place rents. Great unit mix of mostly 2 bedrooms with a penthouse unit overlooking the Verdugo Mountains. Unit upgrades include stainless steel appliances, granite counter tops, newer cabinetry, wood plank flooring. Strong street visibility, extensive capital improvements, and architectural features contribute to an almost non existent vacancy factor. Some of the extensive property upgrades also include central AC, solar panels on the roof, polyurethane coated roof, new concrete walkways, lighting and signage. There is a large laundry room & parking on site. Tenants benefit from 303EAST location by walking to Trader Joe's, Starbucks, Ralph's, the Habit, Walgreen's and a multitude of local shops/services. Burbank has been dubbed as the media capital of the world with Disney, Warner Bros, Universal Studios calling Burbank home. Burbank has a highly regraded police & fire department, great school system, and conveniently located to Glendale, Pasadena, Toluca Lake and Downtown Los Angeles. Selling agent fee is 2.25% | Contact listing agent for offering memorandum.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 14 | - | - |
PROPERTY TAXES
| Parcel Number | 2453-039-025 | Improvements Assessment | $5,354,490 |
| Land Assessment | $3,569,659 | Total Assessment | $8,924,149 |
PROPERTY TAXES
