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1120 East Ave 3 Unit Apartment Building $2,376,500 CAD ($792,167 CAD/Unit) 2.28% Cap Rate Burbank, CA 91504

Investment Highlights
- Desirable Triplex Above Glenoaks Boulevard
- Recently Replaced Windows, Doors, And Copper Plumbing
- Units Feature Hardwood Flooring And Plenty Of Natural Light
- Located In The Prestigious Burbank Hills Neighborhood
- Each Unit Includes A Private Garage And Additional Parking Space
- Prime Location Close To Schools, Shopping, Restaurants, And Freeway Access
Executive Summary
Desirable 3 Units - Above Glenoaks Blvd! Property is well known for its character and its ideal location of being at the tail end of East Avenue and spanning over to Cornell - just above Glenoaks. Fitting in perfectly among the single family home area of Burbank Hills. Close to schools, shopping, restaurants, freeway and all Burbank has to offer. Landscaping consist of flowering seasonal trees, palm trees, and grassy areas for that real well kept "homey" feeling rather than just another apartment building. 1120 and 1122 East Avenue is 2 story. Both bottom an upstairs units consist of 1 Bedroom, 1 Bath, hardwood flooring, plenty of natural light with shared grassy yard on the side of property. 406 Cornell is 1 story consisting of 2 bedrooms and 1 bath, hardwood flooring thru-out, comfortable floor plan with French door access to a private 26 foot front balcony above garages and a cement patio in rear. All units have wall heaters and window/wall A/C units, UPGRADES consist of new 3 year old fully replaced roof, replaced windows and doors, copper plumbing, kitchens have refaced cabinets. Each unit comes with a 1 car garage and parking space in front of garage on curved stone paver driveway. There is also a common coin-op laundry room plus utility sink for all tenants convenience. A true Burbank gem.
Property Facts
| Price | $2,376,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $792,167 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 2.28% | Building Size | 2,029 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | ||
| Zoning | BUR4 - Medium-to-High-Density, Multi-Family Residential Zone, Allowing for Apartment Buildings, Condominiums, and Townhouses | ||
| Price | $2,376,500 CAD |
| Price Per Unit | $792,167 CAD |
| Sale Type | Investment |
| Cap Rate | 2.28% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,029 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Zoning | BUR4 - Medium-to-High-Density, Multi-Family Residential Zone, Allowing for Apartment Buildings, Condominiums, and Townhouses |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2459-030-008 | Improvements Assessment | $914,485 CAD |
| Land Assessment | $1,371,726 CAD | Total Assessment | $2,286,211 CAD |
Property Taxes
Parcel Number
2459-030-008
Land Assessment
$1,371,726 CAD
Improvements Assessment
$914,485 CAD
Total Assessment
$2,286,211 CAD
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1120 East Ave
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