271 W Ash Ave, Burbank, CA 91502 – 24-417603 - Norma Mardelli

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$1,999,999

Est. payment - /mo

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6 BD

4 BA

2,824 SqFt

Active

271 W Ash Ave Burbank, CA 91502

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

08/09/2024 09:26 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,824 sqft

Price per Sqft $708

MLS Listing ID 24-417603

Bedrooms 6

Year Built 1938

Lot Size 6,946 Sqft

Acres 0.1595

Property Description

We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors.* Impeccably maintained fourplex* Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank)* 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents.* Conveniently located west of the 5 freeway between Alameda and Olive* Burbank schools!!* Owner may finance for a qualified buyer.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR4*

Rooms

Other Rooms None

Kitchen Counter Top

Interior

Heating Central

Cooling Air Conditioning

Flooring Laminate

Fireplaces Type Living Room

Equipment Ceiling Fan, Dishwasher, Dryer, Cable, Garbage Disposal

Laundry Garage

Exterior

Parking Features Attached, Garage - 1 Car, Garage - 2 Car, Garage, Uncovered

Garage Spaces 2.0

Waterfront Description None

View Y/N Yes

View Hills

Roof Type Composition, Shingle

Building

Lot Description Alley Paved, Back Yard, Front Yard, Landscaped, Lawn

Story 1

Sewer In Street Paid

Water District

Level or Stories Two

Structure Type Frame, Hard Coat

Schools

School District Burbank Unified

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Avison Young – Southern CA LTD