1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled… Read More giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented. Read Less
Property listed by Dover Management Corp., Douglas Steinriede 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Beds
40
3/4 Baths
40
Square Ft.
19,358
Lot Size
0.37 Acres
Year Built
1986
MLS Number
26865431
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1986, Living area: 19358.0, 1 building, 2 stories, Levels: MultiSplit
Heating
Central
Income
Gross Income: $709,124, Net Operating Income: $486,766
Interior Features
CeilingFans
Laundry
Stacked
Lot
0.3737 acres
Parking
40 total parking spaces, Underground
Taxes
Parcel Number: 2444033024, Zoning: BUR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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