504-508 E Valencia Ave - Apartments FOR SALE


Burbank, CA 91501
$1,700,000 USD
818-456-7846
504-508 E Valencia Ave, Burbank, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/13
null | 4.18% Cap Rate

504-508 E Valencia Ave
Burbank, CA 91501


HIGHLIGHTS

  • First Time on Market in 30+ Years
  • Value Added Opportunity
  • Rental Upside 23% +/-
  • One Unit Delivered Vacant (1 Bed 1 Bath)
  • Prime Burbank Location Above Glenoaks
  • New Roof (2024) New Electrical Subpanels (2025)

OVERVIEW

Andy C Kawatra of Marcus & Millichap, retained as the exclusive listing agent, is pleased to present an opportunity to purchase a five (5) unit apartment building located in prime Burbank, resting in the hills above Glenoaks. The property was originally constructed in 1946 as a triplex featuring all 2-bedroom and 1-bathroom units with dual entrances. Later in 1986, the back duplex was constructed featuring all 1-bedroom and 1-bathroom units. This value-added opportunity features on-site laundry, on-site parking for 6 vehicles, secured access, individual hot water heaters, a new roof in 2024, and new electrical sub panels in 2025. The property will deliver 1-unit vacant providing flexibility for remodeling before renting or moving in. Burbank, known as the “Media Capital of the World”, offers residents proximity to major entertainment studios such as Disney, Warner Brothers, and NBC. The city boasts over 80 restaurants, 30 movie theaters, and 200 stores, ensuring a vibrant lifestyle. Additionally, residents have easy access to top ranked schools and major freeways, enhancing connectivity and convenience.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

4.18%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

BUR3YY

APN/PARCEL ID

5621-029-003

ASK ABOUT THIS PROPERTY

Andy KawatraMarcus & MillichapMore Info
818-456-7846

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Andy KawatraMarcus & MillichapMore Info
818-456-7846

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