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11 units | Multi Family Home 8769 sq ft - MLS# 18320554
Sold for $4,500,000
on Jul 9, 2018
This professionally managed building features a unit mix with one (1) 1 bedroom unit, and ten (10) 2 bedroom units. The building has been very well maintained: seven units have newer plank flooring, two have units granite counter tops, and five of the HVAC units have been recently replaced. The property also features a pitched roof, central HVAC, ample gated parking, individual hot water heaters and alley access. This is an opportunity for an investor to capitalize on approximately 23% +/- rental upside with minimal capital expenditure.
Property Type: Multi Family Home
Sub Type: Multi Family Home
Listing Status: Closed
Listing Price: $4,600,000
Zip Code: 91501
Year Built: 1984
Units: 11 units
Lot Size: 8769 sq ft
Area: 610 - Burbank
Building Area Total: 11419.00
Cap Rate: 2.73
Co-Listing Agent License: 01887505
Co-Listing Office License: 00530854
Cooling YN: Yes
Directions: Above Glenoaks, between Kenneth and 6th.
Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.