303 E Alameda Avenue,  Burbank CA, 91502 (Residential Income)

17,572 sqft
Status: Sold
MLS#: SR16061799
Skip Slideshow
Last Updated: 12/4/2016 2:49 AM
Description for 303 E Alameda Avenue Burbank, CA 91502
Prime North Burbank 20 units, no rent control. Over 12% upside in rents. Central AC & Heat. Mostly remodeled units, solar roof panels almost eliminating common area elec. bills. Roof with Polyurethane coating, 12 year "no leak" guarantee. All windows sound proofing low "E". 15.3 GRM at market rents, 4.32% cap at market. The Alameda Ave apartments offer an investor to take a foothold of hard to find mid sized asset in high demand, low vacancy Burbank. The owner has exerting countless capital improvements to the property offering high operational efficiency and ease of management. Can also be purchased with 6 other buildings in portfolio sale.
Price
Sold Price:
$32,000,000
Sold Date:09/23/2016
Los Angeles
17,572 (approx)
SR16061799
Closed
Description
Prime North Burbank 20 units, no rent control. Over 12% upside in rents. Central AC & Heat. Mostly remodeled units, solar roof panels almost eliminating common area elec. bills. Roof with Polyurethane coating, 12 year "no leak" guarantee. All windows sound proofing low "E". 15.3 GRM at market rents, 4.32% cap at market. The Alameda Ave apartments offer an investor to take a foothold of hard to find mid sized asset in high demand, low vacancy Burbank. The owner has exerting countless capital improvements to the property offering high operational efficiency and ease of management. Can also be purchased with 6 other buildings in portfolio sale.
Listing Information
Property Type: Cluster, Other
0.31 Acres 1,382,700 sq.ft. 17,572 (approx)
$1,821.08 1963
Yes- 21 spaces
2 Total
Neighborhood
Room Information
Exterior / Lot Features
21 Garage Spaces, 21 Parking Spaces
Sidewalks
Driving Directions
Cross Streets: Glenoaks
Financial Considerations
2453039025
$383,160 Income ,$137,233Expense
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91502 has a population of 109,209.

The median household income in Burbank, California 91502 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 91502 is 37.5 years.

Loading nearby sales and history ...
Courtesy: Keller Williams World Media Ce Levon Alexanian
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby