380 W Alameda Ave - Apartments FOR SALE


Burbank, CA 91506- Rancho Adjacent
$6,250,000 USD
818-522-9524
380 W Alameda Ave, Burbank, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

380 W Alameda Ave
Burbank, CA 91506
Rancho Adjacent


OVERVIEW

Sure! Here's a compelling and professional sales description for **380 W. Alameda, Burbank**: --- ## **Prime Investment Opportunity: 16-Unit Apartment Building in the Heart of Burbank** Nestled in the highly sought-after city of **Burbank**, this well-maintained **16-unit apartment building** offers investors a rare chance to own a quality income-generating asset in one of Los Angeles County’s most stable and desirable rental markets. Built in **1984**, this property combines timeless design with modern-day upside potential. - **Diverse Unit Mix:** A balanced combination of spacious **1-bedroom and 2-bedroom units**, catering to singles, couples, and small families alike. - **Secured Access & Parking:** Gated entry and subterranean parking provide convenience and peace of mind for tenants. - **Onsite Amenities:** Includes laundry facilities, private balconies/patios, and landscaped common areas. - **Well-Maintained Structure:** Updated systems and durable construction make for reduced long-term maintenance costs. ### **Investment Overview:** - **Strong Rental Demand:** Located near major studios like Warner Bros. and Disney, plus top-rated schools and employment centers. - **Excellent Transit Access:** Just minutes from the 5 Freeway, Downtown Burbank Metrolink, and the Burbank Airport. - **Upside Potential:** Value-add opportunity through unit renovations and rent increases in line with market rates. ### **Location Benefits:** Burbank is known for its exceptional city services, low crime rate, and vibrant media and tech sectors. With an enduringly low vacancy rate and high-income demographics, properties in this submarket are historically resilient and attract long-term tenants.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

16

PRICE/UNIT

$390,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,848 SF

ZONING

R4, Burbank

APN/PARCEL ID

5625-020-010

ASK ABOUT THIS PROPERTY

Mark TruebloodTrumarkMore Info
818-522-9524

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Mark TruebloodTrumarkMore Info
818-522-9524

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