Description
The is an ideal opportunity for an investor to acquire a stable investment four units property with great rental income in a market that is poised for continued growth. The gross multiplier is a 17.59 and the cap rate is 5.55%
100% occupied four-plex with long-term tenants. This great property situated in Burbank is centrally located and it offers 4 units, 1 units offers 2 bedrooms 1 bath, and 3 units offer 1 bedroom a 1 bath. Shared fenced backyard, Common laundry room has owned coin-op washer and dryer. Very quiet location near Glenoaks and Buena Vista in Burbank.
One unit has been remodeled.
(2) two car Garages are accessible via alleyway and feature automatic doors. (2) two-car garages with potential for possible conversion to ADU for more income (buyers to do due diligence).
Location
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