REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,500,000

Est. payment - /mo

0.33 Acres Lot

Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26169083

HOA Y/N No

Year Built 1953

Lot Size 0.327 Acres

Property Sub-Type Apartment

Property Description

Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank's
desirable Rancho Adjacent submarket.
A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank
The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style
configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong
curb appeal.
The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated
stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and
approximately $472.29 per square foot.
Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of
approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through
natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Storm Drain(s), Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5625022005

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Scott Pinkerton Century 21 Masters 818-621-7732, DRE #01338387

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

455 - 457 W Elm Burbank, CA 91506