301 Alameda Avenue

Burbank, CA 91502

$1,865,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $776 / sqft

1925

calendar_month Built

Property Description

A rare opportunity to purchase 4 remodeled units multifamily investment property located in prime Burbank location. Offered at a very attractive in-place CAP rate of 4.7% and 15.1 GRM. Built in 1925, the building has an exceptional unit mix of (1) 2+2 House, (1) 1+1 House, (2) 1+1 Duplex, situated on a 6,735 SF of land. The property features extensively remodeled units with new interior and exterior paint, new kitchen cabinets with quartz counter tops, new stainless steel appliances, new lightings, new individual washer and dryers in each unit, new vinyl plank flooring, central A/C and heating anddual glaze windows. Front house is a 2+2 with a patio. The middle house is a 1+1 with a patio. The back units are each 1+1 with private attached garages. 5 parking spaces and 2 private garages with new garage doors. The property is in pristine condition and has a great curb appeal, new cool roof, separate gas and updated electric meters and copper plumbing. It's located in a much desired prime rental location, easy access to major freeways, walking distance to Ikea and minutes from Downtown Burbank.

Listing Information

Close Price $1,865,000
Close Date Friday, January 27th, 2023
Status Closed
MLS P112122
Type Residential Income
Subtype Quadruplex
Year Built 1925
Lot Size 6,732
Structure Size N/A
DOM 47
Courtesy Of Keller Williams Realty
Listing Agent Vince Kalachian DRE#01172350
Co-Listing Agent Melina Kalachian DRE#01877904

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Views None

Maps

home_work Nearby Properties

Listing information courtesy of: Vince Kalachian, Melina Kalachian, Keller Williams Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 27th, 2023 at 9:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.