210 N Florence St
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210 N Florence St
4 Unit Apartment Building $1,225,522 ($306,381/Unit) 4.22% Cap Rate Burbank, CA 91505
EXECUTIVE SUMMARY
Excellent investment opportunity in Burbank! This 4-unit property features four 1-bedroom, 1-bathroom units, making it highly desirable for tenants. The property offers two 2-car garages with alley access, a private patio, and a backyard for added outdoor space. Convenient laundry facilities are located on the patio. A great chance to own a well-maintained property in a sought-after area! Rents are $1715.59, $1621.54, $1418.22, $1621.54.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$76,523
|
$37.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,523
|
$37.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,773
|
$25.08
|
| Net Operating Income |
$24,750
|
$11.99
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $76,523 |
| Annual Per SF | $37.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,523 |
| Annual Per SF | $37.08 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $51,773 |
| Annual Per SF | $25.08 |
| Net Operating Income | |
|---|---|
| Annual | $24,750 |
| Annual Per SF | $11.99 |
PROPERTY FACTS
| Price | $1,225,522 | Apartment Style | Low Rise |
| Price Per Unit | $306,381 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.22% | Building Size | 2,064 SF |
| Gross Rent Multiplier | 16.01 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Price | $1,225,522 |
| Price Per Unit | $306,381 |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Gross Rent Multiplier | 16.01 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,064 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 1.75/1,000 SF |
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,567 | - |
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Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 2484-006-003 | Improvements Assessment | $106,700 (2024) |
| Land Assessment | $170,733 (2024) | Total Assessment | $277,433 (2024) |
PROPERTY TAXES
Parcel Number
2484-006-003
Land Assessment
$170,733 (2024)
Improvements Assessment
$106,700 (2024)
Total Assessment
$277,433 (2024)
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210 N Florence St
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