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304 E Verdugo Ave
Burbank, CA 91502

Multifamily Property For Sale · 9 Units

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 6,613 SF
No. Stories 2
Year Built 1961
Parking Ratio 1.66/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Storage Space
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Yard
  • Dining Room
  • Double Pane Windows
  • Garden
  • Linen Closet
  • Pantry
  • Smoke Free
  • Window Coverings

Site Amenities

  • Laundry Facilities
  • Smoke Free
  • Trash Pickup - Curbside
  • Storage Space

About 304 E Verdugo Ave , Burbank, CA 91502

PRICE IMPROVEMENT!! Prime downtown Burbank apartment building. Fully Occupied. No harsh L.A. Housing requirements! $200,400 GSI with strong Upside. Actual Current 4.44% CAP Within short walk to 285 restaurants, 34 theaters, 9 hotels, 2 supermarkets, IKEA, Tesla, and the Burbank Media Center Mall. 2 blocks to I-5 without the freeway noise, 2 blocks to Burbank Downtown Metrolink Station, bus on the corner, and plenty of additional free curbside parking. 3 blocks to Burbank Police and Fire, Library, Farmers' Market, 2 Parks, Elementary School, and all conceivable conveniences. A true, quiet Urban Setting in a "small town." Highly rated schools. Low crime rate. Excellent Cash Flow with at least 8% upside on Vacancies. Call for additional information. Be sure not to disturb Occupants. Owner is CA DRE Licensee (#00989278)

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 7 $1,945 800 - 810
Studios 1 $950.00 240
3+2 1 $2,849 1,350

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2453-022-073
Land Assessment
$1,309,156
Improvements Assessment
$1,962,128
Total Assessment
$3,271,284

zoning

Zoning Code R4
R4
  • Listing ID: 17017348

  • Date on Market: 8/23/2019

  • Last Updated:

  • Address: 304 E Verdugo Ave, Burbank, CA 91502

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