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303 E Elmwood Ave
Burbank, CA 91502
Elmwood Villas · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Prime Location: Trophy Burbank location less than a mile from Downtown Burbank
- Newer Construction: Built in 2009 | Non-rent control | 20 individually parceled condominiums
- Parking: 45 sub-terranean parking spaces including 4 guest and 1 handicap | Large storage lockers for each unit
- High End Luxury Finishes: Engineered maple wood floors, custom Italian cabinetry, GE stainless steel appliances
- Favorable Unit Mix: Large spacious units averaging 1500+ SF | 10’ ceilings
- Immediate Upside in Rent: New owner can immediately realize 17-25% upside in current rents
Property Facts
| No. Units | 20 | Lot Size | 0.48 AC |
| Property Type | Multifamily | Building Size | 30,880 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | B | Parking Ratio | 1.46/1,000 SF |
| Zoning | R4 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 30,880 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Bay Window
- Tile Floors
- Crown Molding
- Double Vanities
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Deck
- Den
- Double Pane Windows
- Handrails
- Patio
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 18 | - | 1,480 - 1,570 |
| 3+4 | 2 | - | 1,580 - 1,940 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,248,879 | |
| Land Assessment | $6,650,120 | Total Assessment | $11,898,999 |
Property Taxes
Parcel Numbers
Land Assessment
$6,650,120
Improvements Assessment
$5,248,879
Total Assessment
$11,898,999
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