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271 W Ash Ave
For Sale $1,999,999 ($708.21 per Sq Ft)
$1,999,999 ($708.21 per Sq Ft)
- 6 Bedrooms
- 4.00 Bathrooms
- 2,824 Sq Ft
- 6,946 Sq Ft
Description
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, making 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 contractor, 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,999,999 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,824 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1938 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2451033006 |
| MLS # | 24417603 |
| Property ID | 292444200 |
| Lot Sqft | 6,946 |
| Zoning | BUR4* |
| Total Units | 4 |
| Days on Market | 149 |
| Original List Price | $2,000,000 |
| Date Updated | August 09, 2024 |
| Date Created | July 01, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,803 | $2,000 |
| Unit #2 | 1 | 1.00 | $1,607 | $2,000 |
| Unit #3 | 1 | 1.00 | $1,715 | $2,000 |
| Unit #4 | 3 | 1.00 | $3,300 | $4,000 |
| Gross Income (Yr) | $ 119,100 |
| Operating Expenses | $ 27,392 |
| Net Income (Yr) | $ 91,708 |
| Cap Rate | 4.50% |
Listing Provided By
Christopher Baer an agent of . Lic #00875482
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