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Prime Burbank | 6.11% CAP | Fully Remodeled 700 S 6th St 34 Unité Immeuble d’appartements 14 052 979 $ CAD (413 323 $ CAD/Unité) 6,11% Taux de capitalisation Burbank, CA 91501
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Prime Location North of Glenoaks Boulevard in the Burbank Foothills
- Attractive 6.11% CAP Rate with Rent Upside
- Thoroughly Renovated and Meticulously Maintained, Allowing New Investor to Benefit from a Turnkey Property with Minimal Deferred Maintenance
- Rare Mid-Size Offering — Over Past 20 Years, Fewer than One Sale per Year of 30- to 99-Unit Properties in Burbank
- Not Subject to Los Angeles Rent Control -- Burbank’s Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners
- Central Air/Heat for All Units, Stainless Steel Appliances, Recessed Lighting, Vaulted Ceilings, and Quartz Countertops in Most Apartments
Résumé de l'annonce
Marcus & Millichap is pleased to announce the opportunity to purchase the Citra Apartment Homes, a 34-unit multifamily community located at 700 S 6th Street in Burbank, CA. With a prime corner lot location north of Glenoaks Boulevard, the property offers residents a home in the picturesque foothills of the Verdugo Mountains with Downtown Burbank and the Burbank Town Center shopping mall just blocks away. Buildings of this size and in this location are rarely available for sale, with fewer than one such property transacting per year over the past two decades (Source: CoStar COMPS).
Due to the fact that the property is subject only to Burbank’s local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. At the same time, deferred maintenance costs are dramatically reduced as the property has been thoroughly upgraded and well maintained in recent years. Seismic retrofit repairs were completed in January 2026, while a new roof was added, new windows were installed, and plumbing was replaced in 2018/2019. Tenants are easily attracted to the building’s impressive amenities package, which includes central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows.
Dubbed the “Media Capital of the World,” the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.
Due to the fact that the property is subject only to Burbank’s local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. At the same time, deferred maintenance costs are dramatically reduced as the property has been thoroughly upgraded and well maintained in recent years. Seismic retrofit repairs were completed in January 2026, while a new roof was added, new windows were installed, and plumbing was replaced in 2018/2019. Tenants are easily attracted to the building’s impressive amenities package, which includes central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows.
Dubbed the “Media Capital of the World,” the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
| Prix | 14 052 979 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 413 323 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,43 AC |
| Taux de capitalisation | 6,11% | Taille du bâtiment | 20 768 pi² |
| Multiplicateur du loyer brut | 11.35 | Occupation moyenne | 100% |
| Nombre d’unités | 34 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1958 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,25/1 000 pi² |
| Zonage | BUR4* | ||
| Prix | 14 052 979 $ CAD |
| Prix par unité | 413 323 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,11% |
| Multiplicateur du loyer brut | 11.35 |
| Nombre d’unités | 34 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,43 AC |
| Taille du bâtiment | 20 768 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1958 |
| Ratio de stationnement | 1,25/1 000 pi² |
| Zonage | BUR4* |
Commodités
Commodités des unités
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Chauffage
- Cuisine
- Réfrigérateur
Commodités du site
- Accès contrôlé
- Cour
- Installations de lessive
- Services en ligne
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 9 | 2 562 $ CAD | 400 |
| 1+1 | 21 | 3 117 $ CAD | 600 - 750 |
| 2+1 | 4 | 3 446 $ CAD | 750 |
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
40/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 5621-020-013 | Évaluation totale | 15 613 299 $ CAD |
| Évaluation du terrain | 9 367 979 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 6 245 320 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
5621-020-013
Évaluation du terrain
9 367 979 $ CAD
Évaluation des bâtiments
6 245 320 $ CAD
Évaluation totale
15 613 299 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
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Prime Burbank | 6.11% CAP | Fully Remodeled | 700 S 6th St
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