301 Alameda Avenue

Burbank, CA 91502 Sold for $1,865,000

Overview
Map & Location
Schools & Score
Similar Listings

Beds: 0 Baths: 0 Structure Size: 0 sqft Lot Size: 6,732 sqft

Property Facts

MLS	P112122
Year Built	1925
Property Type	Residential Income
Property Subtype	MultiFamily
County	Los Angeles
Status	Sold
Sold	$1,865,000
Structure Size	0 sqft
Lot Size	6,732 sqft
Beds	0
Baths	0

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 courtesy of: Martin Lazarian, Mike Babakhanyan, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 12/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property may have been sold while Agent was with another brokerage, and may have represented the buyer in this transaction.