Burbank CA Multi Family for Sale
$5,500,000
1814 Grismer Avenue Burbank, CA 91504
- Type:
- Cluster
- Sq.Ft.:
- 9,906
- Status:
- Active
- Beds:
- 14
- Lot size:
- 0.23 Acres
- Year built:
- 1961
- Baths:
- 16.00
- MLS#:
- 24460053
ADDITIONAL INFORMATION
The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.
$1,200,000
2030 Brighton Street Burbank, CA 91504
- Type:
- Duplex
- Sq.Ft.:
- 2,221
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- PTP2405934
ADDITIONAL INFORMATION
Great Investment Property !! the perfect fixer-upper -to keep or to Flip !! two homes in one lot plus a studio !! Location ! Location ! Downtown Burbank ! north Hollywood ! Near Shopping, Restaurants, entertainment, and conveniently located near Hollywood Burbank Airport ! off FWY 5 ! great employment opportunities, long term tenants LOW RENTS !!
$1,250,000
2014 Peyton Avenue Burbank, CA 91504
- Type:
- Duplex
- Sq.Ft.:
- 1,650
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- SR24190527
ADDITIONAL INFORMATION
Pride of ownership, two separate houses on one lot. 2014 Peyton Ave. and 2016 Peyton Ave., located in a great Burbank location. Each house has its own separate Gas, Electric, and separate Water Meter. Tenants pay for their Gas, Electric, Water, and Waste Disposal. Both houses have Central Air Conditioning and Heating. 2014 Peyton Ave. has 2 bedrooms, 1 bath. 2016 Peyton Ave. upstairs has 2 bedrooms 1 bath, balcony of the living room. Downstairs area has an unpermitted kitchenette, bathroom, and a bonus nook. 2016 Peyton Ave. has a 2-car garage. Both houses are well-maintained and were remodeled. 2014 Peyton Ave. is one Story, and 2016 Peyton Ave. is two Stories.
$2,800,000
2415 Lincoln Street Burbank, CA 91504
- Type:
- Triplex
- Sq.Ft.:
- 3,495
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1939
- Baths:
- MLS#:
- CV24184894
ADDITIONAL INFORMATION
Property Overview: Prime Location: Situated in the vibrant Burbank 91504 area, this property is conveniently close to major shopping centers and studios. Top-Rated School District: Burbank is renowned for its excellent schools, significantly enhancing property value. Exceptional Public Services: The area benefits from outstanding police and fire departments, ensuring a safe and secure environment. Front House has 3 bedrooms, 2 bathrooms, Parking: Includes a 1-car covered garage and 3 additional parking spaces. Upgraded Condition: Recently remodeled for modern living. Climate Control: Equipped with central air and heating. Back Units 1: 2 bedrooms, 2.5 bathrooms, features a private patio, 2 designated parking spaces, recently remodeled for modern comfort. Climate Control: Equipped with central air and heating, back Unit 2 Second Floor 2 bedrooms, 2 bathrooms, Includes two balconies. Parking: 2 designated parking spaces. Upgraded Condition: Recently remodeled with modern amenities. Climate Control: Equipped with central air and heating. Conveniently located near schools, public transportation, shopping, and entertainment in Burbank. Easy access to the 5 Freeway, ideal for commuters. Investment Potential: Lucrative Income Property: This 3-unit property is poised to generate steady rental income, especially in Burbank’s high-demand market. Recent Upgrades: All units have been Completely remodeled in 2019, making them highly attractive to tenants seeking modern living spaces. Modern Amenities: Central air and heating in all units add significant value to the property. This property offers strong potential for rental income and long-term appreciation due to its prime location and high-quality units. For potential investors, it’s advisable to analyze the current rental market in Burbank, project potential income, and consider future value appreciation.
$5,995,000
2001 Peyton Avenue Burbank, CA 91504
- Type:
- Cluster
- Sq.Ft.:
- 9,232
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.44 Acres
- Year built:
- 1960
- Baths:
- 20.00
- MLS#:
- 24436685
ADDITIONAL INFORMATION
This is an excellent opportunity to invest in a rare non-rent-controlled 20-unit building (95% occupied) in the prime Burbank area, priced at only $299k per door for renovated units. The property boasts an incredible current 5.25% Cap Rate and 13.2 GRM with upside potential to reach a 5.7% cap rate and 12.4 GRM on proforma. 16 fully renovated units with permits and 1 partially remodeled units offer promising long-term value for any forward-thinking investor. Additionally, the large lot size of approximately 19,166 SF provides ample parking spaces, and there is potential for future upside by adding multiple ADUs (Accessory Dwelling Units).Non-LA-City rent-controlled asset allowing significant 8.9% annual rent increases (5%+CPI) for future upside. 16 units have been completely renovated with permits (1 vacant) and boast a high-end aesthetic with new cabinets, flooring, modern lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. Amenities include a renovated courtyard with seating areas and a fire pit, on-site laundry facilities, and parking for convenience. Prime Burbank location is just minutes away from media giants such as Warner Bros Studios, Walt Disney studios, and Burbank Town Center Shopping Mall.
Burbank Real Estate
The median home value in Burbank, CA is $1,109,600. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Burbank, CA is $1,109,600. Approximately 40.02% of Burbank homes are owned, compared to 53.39% rented, while 6.6% are vacant. Burbank real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Burbank real estate agent to arrange a tour today!
Burbank, California 91504 has a population of 107,364. Burbank 91504 is less family-centric than the surrounding county with 29.29% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Burbank, California 91504 is $82,246. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Burbank 91504 is 39.5 years.
Burbank Weather
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 17.1 inches per year, with 0 inches of snow per year.