2313 N Niagara St
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2313 N Niagara St
2 Unit Apartment Building $1,099,990 ($549,995/Unit) 2.33% Cap Rate Burbank, CA 91504
Executive Summary
Fantastic Burbank duplex with endless potential! This 1,406 sqft property is a great investment opportunity, featuring two 1-bedroom, 1-bathroom units. Each unit boasts its own spacious private backyard, perfect for outdoor relaxation or entertaining. The garages have been converted into bonus rooms, offering extra space and versatility for the occupants. Located in a desirable area, this property is ideal for investors or owner-users looking for rental income. Don't miss out on this prime opportunity! Rents are $1675.36 and $1731.39.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$40,881
|
$29.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,881
|
$29.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,210
|
$10.82
|
| Net Operating Income |
$25,671
|
$18.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $40,881 |
| Annual Per SF | $29.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,881 |
| Annual Per SF | $29.08 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,210 |
| Annual Per SF | $10.82 |
| Net Operating Income | |
|---|---|
| Annual | $25,671 |
| Annual Per SF | $18.26 |
Property Facts
| Price | $1,099,990 | Apartment Style | Low Rise |
| Price Per Unit | $549,995 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.33% | Building Size | 1,406 SF |
| Gross Rent Multiplier | 26.91 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Price | $1,099,990 |
| Price Per Unit | $549,995 |
| Sale Type | Investment |
| Cap Rate | 2.33% |
| Gross Rent Multiplier | 26.91 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,406 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 0.5/1,000 SF |
Unit Amenities
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,703 | - |
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2313 N Niagara St
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