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Charlie & Dana Coronado

323-841-2911 ~ 310-562-9630

Robyn Bolden

323-639-0265

1701 W. Alameda Ave, Burbank, CA 91506

$1,150,000 3,586 Square Feet

Rancho District Apartment Homes
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property information
THE ALAMEDA AVENUE APARTMENTS
$1,150,000
3586 SQUARE FEET
LOT SIZE:
13956
The Coronado Real Estate Group of Keller Williams Commercial is pleased to present for sale 1701 West Alameda, a non-rent control multifamily property located in the Rancho District of Burbank. The asset consists of 5 units of 3,586 SF and is situated on a large 13,956 SF lot. The building features 1940 construction and is located on a beautiful corner lot close to the Alameda Avenue and Reese Place signalized intersection. Zoning is BUR4*. This fully occupied property consists of a unit mix of two 2 Bedroom + 1 Bathroom apartments and three 1 Bedroom + 1 Bathroom apartments. Each unit has its own walk-up entrance and the lush foliage gives this building great character. There is also a nice shared courtyard. Per the seller, there is a new roof and new sewer line. Currently the gross annual income is $64,398 and all of the tenants are on month-to-month leases. There is significant rental upside. The prime Burbank location and corner lot on Alameda Avenue make this property irreplaceable. Burbank, known as a media capital is a highly desirable rental market and is half of a mile from the Walt Disney Studios and in close proximity to Warner Brothers and NBC. Residents enjoy top ranked schools, easy access to the 5 and 134 freeway, and close proximity to the Burbank Metro link.
ADDITIONAL INFORMATION
  • Built in 1940
  • Area of Town: Burbank
  • Zoning: BUR4*
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Charlie & Dana Coronado
Keller Williams Realty
323-841-2911 ~ 310-562-9630
CalBRE# 01723306 / 01746702
 




Robyn Bolden
Keller Williams Realty
323-639-0265
 
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