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+17604715098
Jonville Real Estate Team
316 E Elmwood, Burbank, CA 91502
- $4,750,000
- List Price
- $4,750,000
- Status
- ACTIVE
- MLS#
- BB26241354
- Year Built
- 1989
- Lot Size
- 7,227
- Acres
- 0.17
- Lot Location
- Near Public Transit, Rectangular Lot
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
An attractive multifamily investment opportunity in the highly desirable Burbank rental market. 316 E. Elmwood Avenue consists of 10 residential units offering a diverse mix of floor plans designed to appeal to a broad tenant base. The property features (2) three-bedroom units, (2) two-bedroom units, and (6) one-bedroom units, providing a versatile range of housing options. The property offers several valuable improvements and amenities, including a newer roof, newer automated gate system, and central HVAC. Additional features include community laundry facilities and subterranean parking, providing residents with added convenience, comfort, and security. Ideally situated in Burbank, the property benefits from its proximity to shopping, dining, employment centers, and major transportation routes. Its established residential setting and versatile unit mix make it an appealing opportunity for investors seeking a multifamily asset in a sought-after rental market.
Additional Information
- Appliances
- Dishwasher, Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Garage Spaces Total
- 16
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $298,428
- Operating Expense
- 107999
Listing courtesy of Listing Agent: Susan Featherly (susanfeatherly@gmail.com) from Listing Office: Better Homes and Gardens Real Estate Town Center.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.