About 271 W Ash Ave
Impeccably maintained fourplex; Property consists of a 3 + 1 Single Family Residence with two (2) car garage. Three (3) 1 + 1 apartments with six (6) 10 X 30 garages ideal for contractor, storage or potential ADU's (please verify with City of Burbank); 4.5% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents; Conveniently located west of the 5 freeway between Alameda and Olive; Burbank schools!! Owner may finance for a qualified Buyer.
Features of 271 W Ash Ave
| MLS® # | 23-333991 |
|---|---|
| Price | $2,000,000 |
| Units | 4 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 2,824 |
| Acres | 0.16 |
| Year Built | 1938 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 271 W Ash Ave |
|---|---|
| Area | Burbank |
| City | BURBANK |
| County | Los Angeles |
| State | CA |
| Zip Code | 91502 |
Amenities
| Parking Spaces | 8 |
|---|---|
| # of Garages | 8 |
| Garages | Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | November 21st, 2023 |
|---|---|
| Days on Market | 175 |
| Zoning | BUR4* |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.50 |
| Gross Operating Income | $117,300 |
| Net Operating Income | $89,908 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,750 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,560 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,665 |
Unit 4 Details
| Beds | 3 |
|---|---|
| Baths | 1.00 |
| Rent | $3,300 |
Listing Details
| Agent | Christopher Bonbright (00823957) |
|---|---|
| Office | Avison Young – Southern CA LTD |