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$4,750,000

FOR SALE
Active

316 E Elmwood

Burbank, CA

MLS# BB26241354

Apartment
5 days on marketNalren refreshed

Listing Agent

Susan Featherly

Listing Agent

Better Homes and Gardens Real Estate Town Center

DRE #: 01445745

(818) 823-7443

Brokerage: Better Homes and Gardens Real Estate Town Center

George Micalchuck

Co-Listing Agent

Better Homes and Gardens Real Estate Town Center

DRE #: 01241899

Brokerage: Better Homes and Gardens Real Estate Town Center

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1989

Year Built

7,227 sqft

Lot Size

N/A

Price/Sq Ft

16

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

An attractive multifamily investment opportunity in the highly desirable Burbank rental market. 316 E. Elmwood Avenue consists of 10 residential units offering a diverse mix of floor plans designed to appeal to a broad tenant base. The property features (2) three-bedroom units, (2) two-bedroom units, and (6) one-bedroom units, providing a versatile range of housing options. The property offers several valuable improvements and amenities, including a newer roof, newer automated gate system, and central HVAC. Additional features include community laundry facilities and subterranean parking, providing residents with added convenience, comfort, and security. Ideally situated in Burbank, the property benefits from its proximity to shopping, dining, employment centers, and major transportation routes. Its established residential setting and versatile unit mix make it an appealing opportunity for investors seeking a multifamily asset in a sought-after rental market.

Facts & Features

Interior

Fireplace
No
Laundry Features
Community Laundry
Appliances
Dishwasher, Gas Range, Refrigerator
Flooring
Carpet, Tile, Wood

Exterior

Private Pool
No
Lot Features
Near Public Transit, Rectangular Lot

Building

Year Built
1989
Building Area Total
9,420
Stories Total
2

Utilities

Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
16
Parking Features
Assigned, Side By Side, Underground
Parking Total
16

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