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$ 7,850,000
Est. payment /mo
New
1819 W Alameda AVE Burbank, CA 91506
40 Beds
40 Baths
19,358 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 19,358 sqft
Price per Sqft $405
MLS Listing ID 26865431
Bedrooms 40
HOA Y/N No
Year Built 1986
Lot Size 0.374 Acres
Property Description
1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Interior Features Ceiling Fan(s)
Heating Central
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Underground
Total Parking Spaces 40
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2444033024
Special Listing Condition Standard
Listed by Douglas Steinriede Dover Management Corp. #00284936