Studio house for sale
$5,475,000 - Burbank CA 91504Burbank CA 91504
Studio house for sale
- Beds: 0
- Baths: 20
- Price: $5,475,000
- Reference No.: 72058550
- Area: 9,232 sqft
Advertisement
Overview
Huge 500k Price Reduction! This is an excellent opportunity to invest in a rare non-rent controlled 20-unit building (85% occupied) in the prime Burbank area, priced at only $273k per door for renovated units. The property boasts an incredible current 6% Cap Rate and 12.1 GRM with upside potential to reach a 6.5% cap rate and 11.3 GRM on proforma. 16 fully renovated units with permits and 2 partially remodeled units offer promising long-term value for any forward-thinking investor. Additionally, the large lot size of approximately 19, 166 SF provides ample parking spaces as well as potential for future upside by adding multiple ADUs (Accessory Dwelling Units). Non-LA-City rent-controlled asset allowing significant 8.8% annual rent increases (5%+CPI) for future upside. 16 units have been completely renovated with permits (3 vacant) and boast a high-end aesthetic with new cabinets, flooring, modern lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. Amenities include a renovated courtyard with seating areas and a fire pit, on-site laundry facilities, and parking for convenience. Prime Burbank location just minutes away from media giants such as Warner Bros Studios, Walt Disney Studios, and Burbank Town Center Shopping Mall.House Burbank
This House for sale is located at Burbank CA 91504. The home has Studio and 20 Bathrooms. This 0 bedroom House in Burbank CA is for sale for $5,475,000 .
Disclaimer
2024-05-20, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-05-20, Viewed 0 times.
Search more listings
- Top 100 3 bedroom house for rent chicago il hardwood floor
- Top 20 2 bedroom apartment for rent reston va fireplace
- Top 100 2 bedroom apartment for rent brooklyn ny den
- Top 100 3 bedroom house for sale naples fl backyard
- Top 20 2 bedroom apartment for rent new braunfels tx hardwood floor
- Top 10 3 bedroom house for sale laughlin nv parking
- Top 10 3 bedroom house for sale gig harbor wa appliances
- Top 50 1 bedroom house for rent brooklyn ny den
- Top 10 3 bedroom house for sale newberry fl den
- Top 10 3 bedroom apartment for rent grand prairie tx dishwasher
- Top 50 1 bedroom apartment for rent lakewood co a/c
- Top 10 3 bedroom house for sale katy tx dishwasher