271 W Ash Ave - Apartments FOR SALE


Burbank, CA 91502- Rancho Adjacent
$1,999,000 USD
818-858-1820
271 W Ash Ave, Burbank, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/16
null | 4.8% Cap Rate

271 W Ash Ave
Burbank, CA 91502
Rancho Adjacent


HIGHLIGHTS

  • Owner Financing Available to Qualified Buyers
  • Burbank School District
  • Six (6) 10' X 30' Garages
  • One (1) Two (2) Car Garage attached to the House
  • Potential for ADU per City of Burbank

OVERVIEW

-Impeccably maintained fourplex ideal for an Owner / Investor to occupy the House and Capitalize on the Tenants in place. -Property consists of a 2 + 1 Single Family Residence with a den and a two (2) car garage; three (3) 1 + 1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU’s (Buyer to independently verify with City of Burbank) -4.8% cap / 16 GRM at current rents and new tax base. 5.7% cap/14% GRM at proforma rents. -Conveniently located west of the 5 freeway between Alameda and Olive. -Burbank School District. -Owner may finance for a qualified buyer.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$708 USD /SF

# OF UNITS

4

PRICE/UNIT

$499,750

CAP RATE

4.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

BUR4*

APN/PARCEL ID

2451-033-006

ASK ABOUT THIS PROPERTY

Christopher BaerAvison YoungMore Info
818-858-1820

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Christopher BaerAvison YoungMore Info
818-858-1820

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