Log In/Sign Up
Your email has been sent.
VACANT 2 Single Family Homes + Duplex 445 S Main St 4 Unit Apartment Building $2,000,000 ($500,000/Unit) 7.50% Cap Rate Burbank, CA 91506
INVESTMENT HIGHLIGHTS
- 4 units
- Excellent GRM of 9.92
- Potential to develop 9 units
- Excellent cap rate of 7.5%
- 100% delivered vacant
- Individually metered for gas and electric
EXECUTIVE SUMMARY
True North CRE of Compass Commercial, in collaboration with Nicole Costas of Compass, is proud to present 445 S Main Street — a rare, four-unit multifamily offering located in the highly sought-after city of Burbank, California.
Originally constructed in 1906, the property comprises three separate structures situated on a generous 21,275 square-foot lot zoned BUR3-R1, providing a range of value-add or redevelopment possibilities. The existing improvements include two single-family residences and one duplex, for a total of four units.
Each unit features a 2-bedroom / 1-bath layout will be delivered 100% vacant, presenting investors or developers with complete flexibility to reposition, renovate, or rebuild. All units are separately metered for gas and electricity and include individual water heaters—minimizing operating expenses to water, trash, and common-area electricity.
Strategically positioned near the 5, 134, and 101 Freeways, the property offers exceptional access to major employment centers across Burbank, Glendale, Hollywood, and the San Fernando Valley, including Warner Bros., Disney, and NBCUniversal studios.
With its prime location, substantial lot size, and versatile zoning, 445 S Main Street presents a rare opportunity for investors and developers seeking long-term upside in one of Los Angeles’ most stable and desirable submarkets.
Originally constructed in 1906, the property comprises three separate structures situated on a generous 21,275 square-foot lot zoned BUR3-R1, providing a range of value-add or redevelopment possibilities. The existing improvements include two single-family residences and one duplex, for a total of four units.
Each unit features a 2-bedroom / 1-bath layout will be delivered 100% vacant, presenting investors or developers with complete flexibility to reposition, renovate, or rebuild. All units are separately metered for gas and electricity and include individual water heaters—minimizing operating expenses to water, trash, and common-area electricity.
Strategically positioned near the 5, 134, and 101 Freeways, the property offers exceptional access to major employment centers across Burbank, Glendale, Hollywood, and the San Fernando Valley, including Warner Bros., Disney, and NBCUniversal studios.
With its prime location, substantial lot size, and versatile zoning, 445 S Main Street presents a rare opportunity for investors and developers seeking long-term upside in one of Los Angeles’ most stable and desirable submarkets.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,000,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 7.50% | Building Size | 3,542 SF |
| Gross Rent Multiplier | 9.92 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1906 |
| Property Type | Multifamily | ||
| Zoning | BUR3-R1 | ||
| Price | $2,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 9.92 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 3,542 SF |
| No. Stories | 1 |
| Year Built | 1906 |
| Zoning | BUR3-R1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $4,200 | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 2445-001-012 | Total Assessment | $286,783 (2025) |
| Land Assessment | $169,109 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $117,674 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2445-001-012
Land Assessment
$169,109 (2025)
Improvements Assessment
$117,674 (2025)
Total Assessment
$286,783 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
CONTACTS
-
John Swartz -
Nicole Costas -
Jacqueline Carroll -
Andrew Geltman -
Compass Commercial
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
VACANT 2 Single Family Homes + Duplex | 445 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.