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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
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
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33910090

  • Date on Market: 2024-11-18

  • Last Updated:

  • Address: 1721 Scott Rd, Burbank, CA 91504

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