301 Alameda Avenue, Burbank, CA 91502
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Sold Price :
$1,865,000
-
Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1925
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
301 Alameda Avenue |
| City |
Burbank |
| State |
CA |
| Zip |
91502 |
| County |
Los Angeles |
| Listing Agent |
Vince Kalachian DRE #01172350 |
| Co-Listing Agent |
Melina Kalachian DRE #01877904 |
| Courtesy Of |
Keller Williams Realty |
| Close Price |
$1,865,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
6,732 |
| Year Built |
1925 |
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.
