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Listed by: Silvia Ragheb (818) 281-0478 DRE #01319114 | Trinity Real Estate & Investme (818) 281-0478
$2,395,000
2 Beds
- 1 Bath
--sqft
198 W Elmwood, Burbank, CA 91502
$2,395,000
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Mixed Use
Built in 1953
$-- HOA
7,513 sqft lot
--/sqft
Description
Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap
Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside.
The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and ...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1953
HOA Fees
-
Finished Area
- sqft
Lot Size
7,513 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
GD26010495
MLS Status
Active
Days on Market
143
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