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Exterior
Other
Living
Bath
Kitchen

271 W Ash Ave, Burbank, CA 91502

$1,999,999
•
6
bed
4
bath
2,824
Sqft ($708/Sqft)

Multi-family for sale 233 days

Movoto is helping 12 homebuyers near you

About 271 W Ash Ave

Property type Multi-family

Neighborhood

Year built 1938

HOA fee $0/month

Lot size 6,946 Sqft

Movoto estimate

Parking 8 garage spaces

Property 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.

Listed by

Listing Agent - Christopher Baer

Listing Office - Avison Young – Southern CA LTD

Source: The MLS

MLS#26633817 • last updated 21 hours ago

Movoto checked The MLS for data 5 minutes ago

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Overview
Levels/Style	Two
MLS #	26633817
Type	Residential Income
Status	Active
SqFt	2824
Lot Size (SqFt)	6946
Lot Size (Acres)	0.1595
Tax (Mello-Roos)	Unknown
Year Built	1938

Interior
Total # of Baths	4
Total # of Bedrooms	6
Kitchen	Counter Top
Flooring	Laminate
Fireplace Desc	Living Room
Appliances	Gas/Electric Range

Exterior
Exterior	Frame, Hard Coat
Roof	Composition, Shingle
# Garage Spaces	8
# Parking Spaces	2
Parking Desc	Attached, Garage - 1 Car, Garage - 2 Car, Garage, Uncovered
Patio	Porch
Lot Desc	Alley Paved, Back Yard, Front Yard, Landscaped, Lawn
Add'l Structures	None, Balcony, Sliding Glass Doors
Lot Location	Alley Access

Amenities / Utilities
Sprinklers	Front, Rear
Water	District
Sewer/ Septic	In Street Paid
Equipment	Ceiling Fan, Dishwasher, Dryer, Cable, Garbage Disposal

Location
County	Los Angeles
Waterfront	None
View	Hills
School District	Burbank Unified
Zoning	BUR4*
APN	2451-033-006

Multifamily Details
Tenant Pays	Electricity, Gas
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 4: Furnished	No
Unit 3: Projected Rent	2000
Unit 1: Projected Rent	4000
Unit 1: # Beds	2
Unit 4: # Beds	1
Unit 1: Rent	3300
Unit 2: Rent	1803
Unit 3: Rent	1607
Unit 4: Rent	1715
Owner Pays	Gardener, Water
Unit 2: Furnished	No
Unit 2: Projected Rent	2000
Unit 4: Projected Rent	2000
Unit 3: # Beds	1
Unit 2: # Beds	1
Unit 2: # Baths	1
Unit 3: # Baths	1
Unit 1: # Baths	1
Unit 4: # Baths	1
Unit 4: Actual Rent	1715
Unit 2: Actual Rent	1803
Unit 3: Actual Rent	1607
Unit Type	2106, 2107, 2108, 2109
Unit 1: Actual Rent	3300
Total # Of Buildings	2
Total Rent	122700
Annual Gross Income	122700
Net Operating Income	95308
Annual Rent	122700
Cap Rate	4.5
Gross Income	122700
Gross Operating Income	122700
Gross Rent Multiplier	16.29
Total Annual Expenses	27392