MLS® ID: BB19187746
Burbank, California, 91502 $3,000,000
Actual address is 225 - 227 E. Valencia. NON-RENT CONTROL. Proforma can achieve 5.65 Cap. Property consist of Two Buildings on Two separate Lots. 5 Units per building - Garden style. Each building consist of (3) 1 bedroom +1 bath on ground level and (2) 2 bedroom +1 bath in back. Twin buildings with lush greenery and white wrought iron railings. (4) 1 car garages in rear, 2 open parking spots inside and plenty of street parking. Separate Laundry on premises with 1 washer and 1 dryer - coin operated and good size owner storage shed. Close to shopping, IKEA, transportation, Restaurants, Burbank mall, Hospital.
Rents are well under market - long term tenants - good upside potential in non-rent control Burbank.
Buildings are to be sold together.