301 E Alameda Avenue, Burbank, CA 91502
Fourplex · 2 recorded sales since 2022
Sold January 2023
Listing Agent: Vince Kalachian (DRE #01172350) · Listing Office: Keller Williams Realty · Contact: (626) 204-3300 · Bought with: Martin Lazarian · Coldwell Banker Hallmark · MLS #P1-12122 · Source: CRMLS
About this fourplex
A rare opportunity to purchase 4 remodeled units multifamily investment property located in prime Burbank location. Offered at a very attractive in-place CAP rate of 4.7% and 15.1 GRM. Built in 1925, the building has an exceptional unit mix of (1) 2+2 House, (1) 1+1 House, (2) 1+1 Duplex, situated on a 6,735 SF of land. The property features extensively remodeled units with new interior and exterior paint, new kitchen cabinets with quartz counter tops, new stainless steel appliances, new lightings, new individual washer and dryers in each unit, new vinyl plank flooring, central A/C and heating anddual glaze windows. Front house is a 2+2 with a patio. The middle house is a 1+1 with a patio. The back units are each 1+1 with private attached garages. 5 parking spaces and 2 private garages with new garage doors. The property is in pristine condition and has a great curb appeal, new cool roof, separate gas and updated electric meters and copper plumbing. It's located in a much desired prime rental location, easy access to major freeways, walking distance to Ikea and minutes from Downtown Burbank.
Listing description from the January 2023 sale, as reported to CRMLS.
Sale history
