634 E Harvard Rd - Apartments FOR SALE


Burbank, CA 91501
$4,650,000 USD
818-640-4360
634 E Harvard Rd, Burbank, CA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/24
null | 4.79% Cap Rate

634 E Harvard Rd
Burbank, CA 91501


HIGHLIGHTS

  • Pride of ownership nine unit apartment building located in one of the best areas of Burbank
  • Excellent unit mix of (2) 3+2 units, (5) 2+2 units, and (2) 1+1 units
  • Beautifull remodeled apartments. Spacious units, large balconies, and kitchens feature brand new stainless steel appliances with quartz counter tops
  • Washer and dryers in every unit
  • Property features a new main panel, new ABS drains, and a poly-urethane foam roof
  • Seismic retrofit has been completed

OVERVIEW

Equity Union Commercial is proud to represent this 9-unit apartment building located above Glenoaks Blvd in Burbank. The building was constructed in 1963. Its unit mix consists of (2) one-bedroom, one-bathroom units, (5) two-bedroom, two-bathroom units, and (2) three-bedroom, two-bathroom units. With a lot size of 8,159 square feet, the property has a total of 9,408 rentable square feet. The property has been beautifully restored and all units have been remodeled. All units are spacious and have large balconies, and kitchens feature new stainless steel appliances with quartz counter tops. Every unit has a washer and dryer. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for electricity. The building is an all electric building.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

9

PRICE/UNIT

$516,667

CAP RATE

4.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivy on Harvard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,159 SF

ZONING

BUR4*

APN/PARCEL ID

2459-001-037

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union Real EstateMore Info
818-640-4360

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Cindy HillEquity Union Real EstateMore Info
818-640-4360

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