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811 S Glenoaks Blvd 13 Unit Apartment Building $3,475,000 ($267,308/Unit) 4.55% Cap Rate Burbank, CA 91502
Executive Summary
Exceptional Burbank Offering. Built in 1956, current ownership has completed
extensive capital improvements, including over $62,000
just completed on railing, stairs, deck, and interior
improvements. $72,455 in seismic retrofit done in 2020
& 2021. All work was approved by Burbank DBS.
extensive capital improvements, including over $62,000
just completed on railing, stairs, deck, and interior
improvements. $72,455 in seismic retrofit done in 2020
& 2021. All work was approved by Burbank DBS.
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Property Facts
| Price | $3,475,000 | Apartment Style | Low-Rise |
| Price Per Unit | $267,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.55% | Building Size | 12,322 SF |
| Gross Rent Multiplier | 13.8 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1956/2026 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Zoning | BUC3* - Commercial | ||
| Price | $3,475,000 |
| Price Per Unit | $267,308 |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 12,322 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2026 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | BUC3* - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 12 | - | 633 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2453-037-032 | Improvements Assessment | $332,754 |
| Land Assessment | $369,290 | Total Assessment | $702,044 |
Property Taxes
Parcel Number
2453-037-032
Land Assessment
$369,290
Improvements Assessment
$332,754
Total Assessment
$702,044
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