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315 E Valencia Ave 4 Unit Apartment Building $1,688,000 ($422,000/Unit) 4.15% Cap Rate Burbank, CA 91502
EXECUTIVE SUMMARY
315 Valencia Ave, a fantastic 4-unit multi-family property in the heart of Burbank, CA. This well-maintained building offers a unique opportunity for investors or those looking to live in one unit while renting out the others. Each unit features its own distinct layout, providing ample living space and comfortable accommodations for tenants. The property is conveniently located near shopping, dining, and entertainment options, making it an ideal location for renters. With strong rental demand in the area, this property is a great addition to any real estate portfolio. Don't miss out on this prime opportunity in Burbank! Seller financing available
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$105,888
|
$43.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,176
|
$1.32
|
| Effective Gross Income |
$102,712
|
$42.58
|
| Taxes |
$20,000
|
$8.29
|
| Operating Expenses |
$12,662
|
$5.25
|
| Total Expenses |
$32,662
|
$13.54
|
| Net Operating Income |
$70,050
|
$29.04
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $105,888 |
| Annual Per SF | $43.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,176 |
| Annual Per SF | $1.32 |
| Effective Gross Income | |
|---|---|
| Annual | $102,712 |
| Annual Per SF | $42.58 |
| Taxes | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $8.29 |
| Operating Expenses | |
|---|---|
| Annual | $12,662 |
| Annual Per SF | $5.25 |
| Total Expenses | |
|---|---|
| Annual | $32,662 |
| Annual Per SF | $13.54 |
| Net Operating Income | |
|---|---|
| Annual | $70,050 |
| Annual Per SF | $29.04 |
PROPERTY FACTS Under Contract
| Price | $1,688,000 | Apartment Style | Low-Rise |
| Price Per Unit | $422,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.15% | Building Size | 2,412 SF |
| Gross Rent Multiplier | 16.01 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 2.48/1,000 SF |
| Zoning | BUR4* - Restricted Density Multiple Dwelling Zone | ||
| Price | $1,688,000 |
| Price Per Unit | $422,000 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| Gross Rent Multiplier | 16.01 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,412 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 2.48/1,000 SF |
| Zoning | BUR4* - Restricted Density Multiple Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 2453-037-005 | Total Assessment | $866,906 (2025) |
| Land Assessment | $564,805 (2025) | Annual Taxes | $20,000 ($8.29/SF) |
| Improvements Assessment | $302,101 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2453-037-005
Land Assessment
$564,805 (2025)
Improvements Assessment
$302,101 (2025)
Total Assessment
$866,906 (2025)
Annual Taxes
$20,000 ($8.29/SF)
Tax Year
2024
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315 E Valencia Ave
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