Burbank, CA 91502 271 W Ash Avenue
$1,999,999
15 more
Presented By: Christopher Baer with Avison Young – Southern CA LTD;
- MLS# 24417603
- 07/19/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 6
Baths • 4
SQFT • 2,824
Garage • 8
Home Details
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.
Presented By: Christopher Baer with Avison Young – Southern CA LTD;
Interior Features for 271 W Ash Avenue
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesInGarage
Total Stories1
General for 271 W Ash Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasRange, Dryer
Attached Garage Yes
Cap Rate4.5
Carport Y/NNo
CityBurbank
Construction MaterialsFrame
CountyLos Angeles
DirectionsRancho Adjacent. Victory Blvd. between Alameda and Olive
Electric On Property Y/NNo
Entry LocationLiving Room
Facing DirectionSouth
Full Baths
Garage Spaces8.0
Garage Y/NYes
Gross Income119100.0
HOANo
HeatingCentral
High School DistrictBurbank Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6946.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income91708.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Occupancy TypeTenant
Open Parking Spaces6.0
Patio/Porch FeaturesPorch
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
ViewHills
Virtual TourClick here
Waterfront Y/NNo
Year Built1938
Year Built SourceAssessor
ZoningBUR4*
Exterior for 271 W Ash Avenue
Building Area Total2824.0
Crops Included Y/NNo
Door FeaturesSlidingDoors
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x141
Lot FeaturesBackYard, FrontYard, Lawn, Landscaped
Lot Size Acres0.1595
Lot Size Area6946.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDoorMulti, DoorSingle, Garage, Uncovered
Private PoolNo
SpaNo
Total Parking2.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate