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301 E Alameda Avenue

Burbank, CA 91502

– beds
– baths
– sqft
6,732 sqft lot
1925 build
– on site

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A rare opportunity to purchase 4 remodeled units multifamily investment property located in prime Burbank location. Offered at a very attractive in-place CAP rate of 4.7% and 15.1 GRM. Built in 1925, the building has an exceptional unit mix of (1) 2+2 House, (1) 1+1 House, (2) 1+1 Duplex, situated on a 6,735 SF of land. The property features extensively remodeled units with new interior and exterior paint, new kitchen cabinets with quartz counter tops, new stainless steel appliances, new lightings, new individual washer and dryers in each unit, new vinyl plank flooring, central A/C and heating anddual glaze windows. Front house is a 2+2 with a patio. The middle house is a 1+1 with a patio. The back units are each 1+1 with private attached garages. 5 parking spaces and 2 private garages with new garage doors. The property is in pristine condition and has a great curb appeal, new cool roof, separate gas and updated electric meters and copper plumbing. It's located in a much desired prime rental location, easy access to major freeways, walking distance to Ikea and minutes from Downtown Burbank.

Listed By CRMLS_CA / Vince Kalachian / Keller Williams Realty

Last checked: Checking… • Last updated Dec 9, 2024 •

MLS# P1-12122 —

The Building

Year Built:

1925
Year Built Source:

Assessor
Building Area Total:

2440.00
Total Number Of Units:

4
# of Buildings:

3
Common Walls:

No One Above, No One Below
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Fireplace:

No
Fireplace:

None
Laundry:

1

Financial & Terms

Disclosures:

LA/Owner Related, Principal Is RE Licensed

Location

Directions:

Cross street Glenoaks blvd.
Latitude:

34.17579000
Longitude:

-118.29890900

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Lot Features:

Sprinklers None
Lot Size Area:

6732.0000
Lot Size Acres:

0.1545
Lot Size SqFt:

6732.00
Lot Size Source:

Assessor
View:

None
Fence:

Yes
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

002

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2453039002

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Range
Included:

Yes

The Community

Subdivision:

Not Applicable
Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking Spaces:

7.00
Garage Spaces:

2.00
Uncovered Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/27/23 Jan 27, 2023	Sold	CRMLS_CA	$1,865,000	-1.6%
1/17/23 Jan 17, 2023	Pending	CRMLS_CA	$1,895,000
12/1/22 Dec 1, 2022	Listed / Active	CRMLS_CA	$1,895,000	39.9%

Multifamily Sold on 1/27/2023

$1,865,000

Listing provided by broker:

Vince Kalachian

Keller Williams Realty

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Listing Courtesy of: CRMLS_CA and Keller Williams Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Jul 14.

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.

301 E Alameda Avenue

Burbank, CA 91502