1612 W Alameda Avenue,  Burbank CA, 91506 (Residential Income)

2,533 sqft
Status: Backup Offers
MLS#: SR16722801
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Last Updated: 12/2/2016 5:47 PM
Description for 1612 W Alameda Avenue Burbank, CA 91506
1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants. The building consists of one spacious 2 bedroom, 1 bathroom “owner’s unit” and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years. 1612 W Alameda is situated blocks from the amazing “Riverside Rancho District”. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals– i.e. A+ tenants!
Price
$1,299,000
Los Angeles
2,533 (approx)
SR16722801
Backup Offers
Description
1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants. The building consists of one spacious 2 bedroom, 1 bathroom “owner’s unit” and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years. 1612 W Alameda is situated blocks from the amazing “Riverside Rancho District”. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals– i.e. A+ tenants!
Listing Information
Property Type: Cluster, 2 Story
0.14 Acres 618,400 sq.ft. 2,533 (approx)
$512.83 1950
Yes- 3 spaces 2
4 Total
Neighborhood
Room Information
Gas Dryer Hookup
Interior Features
Dishwasher, Refrigerator
Hardwood, Ceramic Tile, Laminate
Central Air, Window/Wall Unit
Granite Counter Top, Tile Counter Top
Exterior / Lot Features
3 Garage Spaces, 4 Parking Spaces, Unassigned
None
No Pool
BUR4*
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Located on W Alameda between S Reese and S Sparks
Financial Considerations
2443013002
$84,600 Income ,$18,995Expense
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91506 has a population of 109,209.

The median household income in Burbank, California 91506 is $63,627. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Burbank 91506 is 37.5 years.

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Courtesy: The 2-4 Unit Specialists Elizabeth Moran
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Information is deemed reliable but is not guaranteed.

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