Offering

Offering Overview

A five unit apartment property in west Burbank. Built in 1955, it holds three one bedroom and two two bedroom units, each with one bathroom, in a front and a rear building totaling 3,598 square feet on a 7,338 square foot corner lot, with a garage row on the rear alley. The property is fully occupied and has not sold since 1972.

1. 01

   9% Rental Upside. Scheduled rent of $137,700 grows to $149,700 at market rents of $2,295 and $2,795.

2. 02

   First Sale Since 1972. One family ownership for more than 50 years.

3. 03

   Supply Lines Replaced in 2026. New gas and water lines run beneath the building and to the rear unit.

4. 04

   Main Drain Replaced. The main drain to the street has new clean-out ports, and the kitchen drain lines in Units A, C and E were replaced.

5. 05

   Both Roofs Replaced Around 2020. The front and rear buildings were re-roofed at the same time.

6. 06

   Corner Lot, Two Buildings with Private Garages. 3,598 square feet on a 7,338-square-foot corner lot, featuring two buildings and a private garage for each unit along the rear alley.

7. 07

   Fully Occupied. Three 1BR/1BA and two 2BR/1BA units, a common coin laundry room, and a washer and dryer in Unit A.

8. 08

   Not Subject to LA RSO. Rent increases are capped by AB 1482 (5% + CPI, 10% max), and the Burbank Tenant Protection Ordinance also applies.

9. 09

   Near the Studios. 0.34 miles from Warner Bros. Studios and 0.97 miles from Walt Disney Studios.