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420 W Elmwood Ave., Burbank CA 91506

$3,578,000

420 West Elmwood Avenue, Burbank, CA 91506

Active
Last Updated: 06/17/2024

5.96

Cap Rate

9,310 sqft

Building Size

Details:
Cap Rate:    5.96%
Building Size:    9,310 sqft
Lot Area:    6,670 acres
Units:    9
Occupancy:    89%
Year Built:    1988
Floors:    3
Parking Spots:    18
Heating:    Central
Cooling:    Central
Description:

Presenting an exceptional investment opportunity, this distinguished 9 Unit building, built in 1988, features eight 2-bedroom, 2-bathroom flat units alongside a unique 1-bedroom, 1-bathroom townhouse-style loft unit. With a great Curb Appeal, separate Gas and Electric Meters, and copper plumbing, the 9,310 square feet building extends over 6,670 square feet of land. Each unit has been thoughtfully designed to offer spacious living quarters, enhanced by central air conditioning and heating systems, fireplace, and high ceilings. Notably, the front units also have balconies, Situated in a Prime rental district, the location ensures strong rental demand with close proximity to schools, shopping amenities, and iconic entertainment studios like Disney, Warner Bros, and Nickelodeon, unlocking a unique lifestyle proposition for potential tenants.


Minutes to Disney, Warner Bros and Nickelodeon studios


A Great Opportunity in Burbank

Minutes to Disney, Warner Bros and Nickelodeon studios

Close to schools and shoppingGreat Curb Appeal

Spacious Units. Front units Balconies

Central A/C and heating; Copper plumbing

Fireplaces & High Ceilings

Map:
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