268 W Ash Ave
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268 W Ash Ave
5 Unit Apartment Building $3,411,569 CAD ($682,314 CAD/Unit) 4.82% Cap Rate Burbank, CA 91502
Investment Highlights
- 5 units is great Burbank rental pocket
- Property features copper plumbing and updated kitchen and bathrooms
- Property is a single family residence plus (4) two bedroom two bath townhouse units
- Property is centrally located near the 5 freeway, metro link, Disney, Warner Brothers, and Trader Joes
Executive Summary
Equity Union Commercial is proud to represent this 5 unit property located in Burbank.
The property was constructed in 1928. Its unit mix consists of (1) 2+1 home and (4) 2+1.5 townhouse units. With a lot size of 6,810 square feet, the property has a total of 4,364 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.
The property is separately metered for gas and electricity
The property was constructed in 1928. Its unit mix consists of (1) 2+1 home and (4) 2+1.5 townhouse units. With a lot size of 6,810 square feet, the property has a total of 4,364 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.
The property is separately metered for gas and electricity
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,411,569 CAD | Apartment Style | Low Rise |
| Price Per Unit | $682,314 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.82% | Building Size | 4,364 SF |
| Gross Rent Multiplier | 14.27 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,411,569 CAD |
| Price Per Unit | $682,314 CAD |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,364 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.37/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 2+1.5 | 4 | - | - |
1 of 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2451-034-004 | Improvements Assessment | $1,198,336 CAD |
| Land Assessment | $788,902 CAD | Total Assessment | $1,987,238 CAD |
PROPERTY TAXES
Parcel Number
2451-034-004
Land Assessment
$788,902 CAD
Improvements Assessment
$1,198,336 CAD
Total Assessment
$1,987,238 CAD
zoning
| Zoning Code | R4* |
| R4* |
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268 W Ash Ave
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