455 Elm Burbank, CA 91506

4,250,000

Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank’sdesirable Rancho Adjacent submarket.A Distinctive 12-Unit Multifamily Investment in the Heart of BurbankThe property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-styleconfiguration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strongcurb appeal.The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimatedstabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, andapproximately $472.29 per square foot.Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median ofapproximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth throughnatural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.

Features

• First Name
• Last Name
• Phone
• Email
• Comments