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1612 West Alameda Avenue, Burbank, CA 91506

$1,299,000 Approx. USD 0 beds, 0 baths
2,533 sqft

Agent Remarks

1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants.The building consists of one spacious 2 bedroom, 1 bathroom ?owner?s unit? and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years.1612 W Alameda is situated blocks from the amazing ?Riverside Rancho District?. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals? i.e. A+ tenants!

Listing Details

Property type: (Multi-Family)
Status: Backup Offer
MLS# SR16722801
List price is $1,299,000
Beds: 0
Baths: 0
Built in 1950
2,533 sqft
2 Story stories
0.14 acres
County: Los Angeles
Zoning: BUR4*
Parking type: Unassigned
Appliances: Dishwasher,Refrigerator,Gas Dryer Hookup
Lot description: Curbs,Landscaped,Street Lighting,Street Paved,Sidewalks
MLS area: Burbank (610)

Last Updated: 11/1/2016

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This listing belongs to the Burbank (610) MLS area

The listing is zoned BUR4.
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Lat/Long: 34.160799, -118.319391.
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Broker: Courtesy of The 2-4 Unit Specialists
Listing Agent: Elizabeth Moran
Co Listing Agent: Michael Moran

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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