422 S Lake St | Burbank, CA 91502
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422 S Lake St
Burbank, CA 91502
Huge Units | Assumable Loan | Condo Mapped · Multifamily Property For Sale
·
14 Units
Investment Highlights
- CONDO CONVERSION POTENTIAL: Units are separately condo-mapped, providing an opportunity for future conversion.
- EXCEPTIONAL UNIT MIX: The property includes a diverse array of two, three, and four-bedroom units, catering to a variety of tenant needs.
- SUBTERRANEAN PARKING: The property offers 28 side-by-side parking spaces in a secure, subterranean garage, a premium amenity in urban living.
- ASSUMABLE FINANCING: Interest Only loan with Chase of $3,450,000 fixed at 5.88% until August 2028.
- HIGH QUALITY AMENITIES: Each unit boasts modern finishes with stainless steel appliances, granite countertops, private balconies, and dual fireplaces.
- PRIME LOCATION: Nestled in a walkable neighborhood with a Walk Score of 73, offering access to Downtown Burbank, shopping, dining, and entertainment.
Property Facts
| No. Units | 14 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 19,910 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | B | Parking Ratio | 0.9/1,000 SF |
| Zoning | BUR4* - Medium Density Multiple Residence | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 19,910 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | BUR4* - Medium Density Multiple Residence |
Amenities
Unit Amenities
- Heating
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | $2,945 | - |
| 3+2.5 | 5 | $3,466 | - |
| 4+3.5 | 1 | $3,718 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,543,043 | |
| Land Assessment | $5,039,356 | Total Assessment | $8,582,399 |
Property Taxes
Parcel Numbers
Land Assessment
$5,039,356
Improvements Assessment
$3,543,043
Total Assessment
$8,582,399
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