Stunning Multifamily Investment Opportunity in Burbank
We are excited to present this meticulously renovated 15-unit multifamily property located in the heart of Burbank, renowned as the Media Capital of the World. This exceptional investment opportunity is situated in one of the region’s most sought-after rental markets, offering strong returns and long-term growth potential.
Property Highlights:
Prime Location: Nestled on a 17,821-square-foot lot with 100 feet of street frontage across two parcels.
Diverse Unit Mix:
(12) One-bedroom, one-bathroom units
(2) Two-bedroom, one-bathroom units
(1) Two-bedroom, two-bathroom unit
Bonus: A 153-square-foot storage room that can be converted into an office.
Rentable Space: 8,202 square feet of updated, income-generating units.
Attractive Financials: Enjoy an in-place 6.08% CAP rate, making this an outstanding investment for cash flow and value appreciation.
Renovation Highlights:
• New plumbing, electrical wiring, subpanels, and heating/AC system with ducting.
• New roof, recessed lighting, and interior/exterior paint.
• Modernized kitchens with updated cabinets and countertops.
• Completely remodeled bathrooms.
• Washer and dryer in every unit.
Additional Features:
• Separate gas and electricity meters for all units.
• Turnkey condition, ready for new ownership.
• Prime Burbank location near Disney Studios, Warner Brothers, and NBC.
• Close proximity to 80+ restaurants, 30 movie screens, and 200 retail stores.
• Top-rated schools and excellent freeway (5 and 134) and Metro Link access.
This fully upgraded property combines modern amenities, a strategic location, and strong financial returns, making it an exceptional investment opportunity in one of Southern California's most vibrant rental markets.
Location Overview
Burbank, California, known as the "Media Capital of the World," is a dynamic city in Los Angeles County, just northeast of Hollywood. It serves as a hub for the entertainment industry, housing major companies like Warner Bros. Entertainment, The Walt Disney Company, Marvel Studios, Nickelodeon, and Cartoon Network. This creative influence has made Burbank a cornerstone of the media world.
The city is home to Hollywood Burbank Airport, formerly known as Bob Hope Airport, providing convenient regional connections. Historically, Burbank was pivotal in aerospace innovation, with Lockheed's Skunk Works developing advanced aircraft such as the U-2 spy plane.
Burbank also offers charming neighborhoods, quality schools, and a vibrant downtown filled with dining and shopping. Surrounded by scenic hills and featuring a mild Mediterranean climate, Burbank blends urban convenience with natural beauty, making it a highly desirable place to live and work.
Burbank, CA, has a population of approximately 102,755 people as of the latest data. The average household income in the city is $148,712, while the median household income is $114,692.
In terms of education, around 92% of Burbank's adult population has at least a high school diploma. About 27.7% hold a bachelor’s degree, and 12.5% have earned a graduate or professional degree. Additionally, 27.4% have completed some college education or hold an associate degree?.
