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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Scott Pinkerton, DRE #01338387 • Century 21 Masters

$ 4,500,000

Est. payment | -/mo

0.33 Acres Lot

Save

$ 4,500,000

Est. payment | -/mo

Save

0.33 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR26169083

Year Built 1953

Lot Size 0.327 Acres

Source California Regional MLS

Property Description

Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank's desirable Rancho Adjacent submarket. A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot. Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do no

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Cooling Window / Wall Unit

Laundry In Laundry Room, Community Facility

Exterior

Garage Spaces 6.0

Pool None

Building

Water District - Public

Others

Tax ID 5625022005

Special Listing Condition Not Applicable

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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455 - 457 W Elm Burbank, CA 91506