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457 W Elm Ave 12 Unit Apartment Building $6,307,245 CAD ($525,604 CAD/Unit) 4.32% Cap Rate Burbank, CA 91506
Executive Summary
Peak Commercial is pleased to present the opportunity to acquire 455 W Elm Avenue, a 12-unit multifamily investment property located in Burbank's desirable Rancho Adjacent submarket.
The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal.
The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot.
The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal.
The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot.
Property Facts
| Price | $6,307,245 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $525,604 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.68 AC |
| Cap Rate | 4.32% | Building Size | 9,528 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Zoning | BUR4* | ||
| Price | $6,307,245 CAD |
| Price Per Unit | $525,604 CAD |
| Sale Type | Investment |
| Cap Rate | 4.32% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 9,528 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | BUR4* |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 794 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $648,723 CAD | |
| Land Assessment | $197,847 CAD | Total Assessment | $846,570 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$197,847 CAD
Improvements Assessment
$648,723 CAD
Total Assessment
$846,570 CAD
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457 W Elm Ave
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