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.
Property Details
Price:
$1,999,999
MLS #:
24417603
Status:
Active
Baths:
0
Address:
271 W Ash Avenue
Type:
Residential Income
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Jul 1, 2024
State:
CA
ZIP:
91502
Lot Size:
6,946 sqft / 0.16 acres (approx)
Year Built:
1938
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Disposal, Gas Range
Fireplace Features
Living Room
Flooring
Laminate
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Garage Spaces
8.00
Lot Features
Back Yard, Front Yard, Landscaped, Lawn
Parking Features
Garage – Single Door, Garage – Two Door, Garage, Uncovered
Parking Spots
2.00
Roof
Composition, Shingle
Sewer
Sewer Paid
Stories Total
1
View
Hills
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address271 W Ash Avenue Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91502
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Courtesy of Avison Young – Southern CA LTD. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
271 W Ash Avenue
Burbank, CA
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