1701 West Alameda is a non-rent control multifamily property located in the Rancho District of Burbank. The asset consists of 5 units of 3,586 SF and is situated on a large 13,956 SF lot. The building features 1940 construction and is located on a beautiful corner lot close to the Alameda Avenue and Reese Place signalized intersection. Zoning is BUR4*. This fully occupied property consists of a unit mix of two 2 Bedroom + 1 Bathroom apartments and three 1 Bedroom + 1 Bathroom apartments. Each unit has its own path that leads to the entrance and the lush foliage gives this building great character. There is also a nice shared courtyard. The gross annual income is $64,398 and all of the tenants are on month-to-month leases. There is significant rental upside. The prime Burbank location and corner lot on Alameda Avenue make this property irreplaceable. Burbank is a highly desirable rental market and the property is 1/2 mile from the Walt Disney Studios & in close proximity to Warner Brot
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
