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$7,850,000
85 Days On Site
1819 W Alameda AvenueBurbank, CA 91506
Residential Income|Pending
40
Beds
40
Total Baths
19,358
SqFt
$406
/SqFt
1986
Built
County:
Los Angeles
Listed by Douglas Steinriede of Dover Management Corp. listings@doverla.com
Call Now: (323) 719-1076
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(323) 719-1076
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1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented.
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Listing Snapshot
Price
$7,850,000
Days On Site
85 Days
Bedrooms
40
Inside Area (SqFt)
19,358 sqft
Total Baths
40
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3737 Acres
Year Built
1986
MLS Number
26865431
Status
Pending
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Status changed to Pending | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.3737
Levels
Multi/Split
Number Of Stories
2
Parking
Underground
Parking Spaces
40
Special Circumstances
Standard
SqFt Total
19358
Zoning
BUR4*
Interior Features
Appliances
RefrigeratorDryerWasherWasher/Dryer Stacked
Heating
Central
Interior
Ceiling Fan(s)
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Community Features
MLS Area
610 - Burbank
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. The 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, the 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.
Neighborhood & Commute
Source: Walkscore
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