1721 Scott Rd
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1721 Scott Rd
10 Unit Apartment Building $4,832,390 CAD ($483,239 CAD/Unit) 4.46% Cap Rate Burbank, CA 91504
Executive Summary
This 10-unit apartment complex is located in Burbank, California. The front structure is a 2-bedroom/1-bath single family residence built in 1939. The rear structure is a 9-unit two-story walk up apartment building built in 1964. There are 11 parking spaces, 9 in the rear accesses by north driveway and 2 in the front of the SFR. The complex is located close to both Bob Hope Airport and Downtown Burbank placing it amongst a major employment cluster including dozens of aviation support companies, several major motion picture studios, banking and law firm occupied office buildings and multiple regional retail shopping districts. The close proximity to Interstate 5 provides quick access to Dodger Stadium, Griffith Park, Downtown Los Angeles and the Santa Clarity Valley. Via the 134/101 freeways makes a convenient connection to the eastern and western San Fernando Valley including the Ventura Boulevard corridor communities and the Glendale & Pasadena areas to the east. This is a supply constrained municipality with demand to reside there far higher than available housing. Occupancy rates in Burbank are excellent. Please do not walk on property or disturb tenants. For addition information please see attached OM in the document section. Please call listing agent for additional information.
Property Facts
Price | $4,832,390 CAD | Apartment Style | Low Rise |
Price Per Unit | $483,239 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.28 AC |
Cap Rate | 4.46% | Building Size | 6,654 SF |
Gross Rent Multiplier | 15.05 | Average Occupancy | 97% |
No. Units | 10 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1964 |
Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
Price | $4,832,390 CAD |
Price Per Unit | $483,239 CAD |
Sale Type | Investment |
Cap Rate | 4.46% |
Gross Rent Multiplier | 15.05 |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.28 AC |
Building Size | 6,654 SF |
Average Occupancy | 97% |
No. Stories | 2 |
Year Built | 1964 |
Parking Ratio | 1.65/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 9 | - | 550 |
2+1 | 1 | - | 800 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
Parcel Number | 2468-005-051 | Improvements Assessment | $430,920 CAD |
Land Assessment | $646,387 CAD | Total Assessment | $1,077,307 CAD |
PROPERTY TAXES
Parcel Number
2468-005-051
Land Assessment
$646,387 CAD
Improvements Assessment
$430,920 CAD
Total Assessment
$1,077,307 CAD
zoning
Zoning Code | BUR4 |
BUR4 |
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1721 Scott Rd
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