1819 W Alameda Avenue, Burbank, CA 91506
List Price: $7.85M
Listing Status: Active
0Days on Market: 0
40 Bedrooms · 40 Bathrooms · 19,358 sq ft
Property Type: ResidentialIncome
Year Built: 1986
Lot Size: 16,278 sq ft
MLS Number: 26865431
About This Property
1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented.
Listing provided by: Douglas Steinriede DRE #00284936 818-843-5200 listings@doverla.com, Dover Management Corp.
Source: CRMLS, MLS #: 26865431
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.