1201 Verdugo Ave, Burbank, CA 91506
5 Unit Apartment Building | $1,950,000 ($390,000/Unit) | 3.92% Cap Rate | Burbank, CA 91506
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,950,000
- Property Type
-
Multifamily
- Square Feet
- 4,337 SF
Listing Contacts
Richard Valdez
Verified Profile
- Property Info
Property Overview
5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New windows installed in 2023. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
Property Details
- Class
- C
- Year Built
- 1953
- Stories
- 2
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 5
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