2005 Peyton Ave - Apartments FOR SALE


Burbank, CA 91504
$1,900,000 USD
818-203-5471
2005 Peyton Ave, Burbank, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/10
null | 3.78% Cap Rate

2005 Peyton Ave
Burbank, CA 91504


HIGHLIGHTS

  • Flat 14352 SQFT lot, Zoned BUR4, Opportunities for development of a multi family/Condominium development project.
  • High possibility of addition of ADU'S, Prospects to check with City of Burbank for requirem.
  • Great Area of Burbank, Opportunity of collection of Hight rental rates with minimal modification to existing units.

OVERVIEW

INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME! An Exceptional Investment Opportunity to own 5 bungalow style units3`, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy, The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$595 USD /SF

# OF UNITS

5

PRICE/UNIT

$380,000

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,563 SF

ZONING

R4, Burbank

APN/PARCEL ID

2468-016-028

ASK ABOUT THIS PROPERTY

Vahik BeglarianColdwell Banker Hallmark RealtyMore Info
818-203-5471

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Vahik BeglarianColdwell Banker Hallmark RealtyMore Info
818-203-5471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.