$1,865,000
$1,895,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
301 E Alameda AVE Burbank, CA 91502
2,440 SqFt
Key Details
Sold Price $1,865,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,440 sqft
Price per Sqft $764
MLS Listing ID P1-12122
Sold Date 01/27/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1925
Lot Size 6,730 Sqft
Acres 0.1545
Property Description
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.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 7
Private Pool No
Building
Lot Description Sprinklers None
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2453039002
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Martin Lazarian • Coldwell Banker Hallmark