$1,999,999 Price Analysis   ♡   Burbank, CA 91502 6 bed 4 bath 2,824 SqFt ($708/SqFt) 6,946SqFt lot. Built 1938 Listed 2024-07-19, Taxes $3,571 | Ⓧ USDA Ineligible due to price & location near Burbank |
We are pleased to introduce you to an exceptional opportunity at 271 W.
Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, mking it an excellent choice for homeowners and investors. Impeccably maintained fourplex Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contracto r, storage or potential ADU's (Buyer to independently verify with City of Burbank) 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents. Conveniently located west of the 5 freeway between Alameda and Olive Burbank schools!!
Owner may finance for a qualified buyer.
Presented by Christopher Baer at
Avison Young ? Southern CA LTD.
Property MLS #24-417603 from TheMLSCLAW
Full Bathrooms: 4
Laundry Facilities: Garage
Laundry Features: Garage
Kitchen Features: Counter Top
Fireplace Features: Living Room
Heating Features: Central
Patio Features: Porch
Lot Size Acres: 0.1594582
Lot Size Dimensions: 50x141
Lot Size Source: Assessor
Lot Size Square Feet: 6946
Garage Description: Attached, Garage - 1 Car, Garage - 2 Car, Garage, Uncovered
Parking Total: 2
Other Equipment: Ceiling Fan, Dishwasher, Dryer, Cable, Garbage Disposal
Number of Units Leased: 4
Tenant Pays: Electric, Gas
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2000, 4 BedsTotal: 3, 4 BathsTotal: 1, 4 SquareFeet: 4000
Map directions Map directions Map directions Map directionsSliding Glass Doors
Source Listing Status: Active
County: Los Angeles
Cross Street: Victory/Ash
Cap Rate: 4.5
Directions: Rancho Adjacent. Victory Blvd. between Alameda and Olive
Source Property Type: Residential Income
Area: Burbank
Source Neighborhood: Burbank
Owner Pays: Gardener, Water
Parcel Number: 2451-033-006
Postal Code Plus 4: 2420
Property Location: Alley Access
Zoning: BUR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $156,000 + $138,376 $294,376 | $3,571 |
| 2021 | $152,942 + $135,663 $288,605 | $3,541 |
| 2020 | $151,374 + $134,272 $285,646 | $3,502 |
| 2019 | $148,406 + $131,640 $280,046 | $3,406 |
| 2018 | $145,497 + $129,059 $274,556 | $3,288 |
| 2017 | $142,645 + $126,529 $269,174 | $3,222 |
| 2016 | $139,849 + $124,049 $263,898 | $3,098 |
| 2015 | $137,749 + $122,186 $259,935 | $3,038 |
| 2014 | $135,051 + $119,793 $254,844 | $3,057 |
| 2013 | $134,441 + $119,252 $253,693 | $3,033 |
| 2012 | $131,805 + $116,914 $248,719 | $2,973 |
| 2010 | $129,221 + $114,622 $243,843 | $2,881 |
| 2009 | $128,561 + $114,037 $242,598 | $2,835 |
| 2009 | $128,256 + $113,766 $242,022 | $2,835 |
| 2008 | $126,041 + $111,801 $237,842 | $2,779 |
| 2007 | $123,570 + $109,609 $233,179 | $2,675 |
$0
TheMLSCLAW
Listed 2024-07-19
$1,999,999
TheMLSCLAW
Relisted 2024-05-06
$2,000,000
TheMLSCLAW
Listing removed 2024-05-02
$0
TheMLSCLAW
Listed 2023-11-21
$2,000,000
TheMLSCLAW
Sold 1977-12-20
$45,000
Public Record
Year Built: 1938
Building Exterior Type: Frame, Hard Coat Stucco
Direction Faces: South
Entry Location: Living Room
Levels: Two Level
Living Area Source: Assessor
Property Age: 86
Roof: Composition, Shingle
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Assessor
Television: Cable TV
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.