271 West Ash Avenue

Burbank, CA 91502

$1,999,999
Price
6
Beds
4
Baths
2,824 Sq. Ft.
$708 / Sq. Ft.
2,824
Sq. Ft.
$708
per Sq. Ft.

Description

We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors. Impeccably maintained...We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors. Impeccably maintained fourplex Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank) 4.5% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proformarents. Conveniently located west of the 5 freeway between Alameda and Olive Burbank schools! Owner may finance for a qualified buyer.
  1. Listed by Christopher Baer • DRE #00875482 • Brokerage DRE #01260886 • Avison Young – Southern CA LTD

Property Details for 271 West Ash Avenue

Water Front
None
Zoning
BUR4*
Cross Streets
Victory/Ash
Parcel Number
2451033006
Total Units
4.0
Living Area
2824
Source Living Area
Assessor
Area
Burbank (610)
LISTING UPDATED: 08/09/2024 02:03 PM

Property Details for 271 West Ash Avenue

StatusActive
MLS #24-417603
Days on Market142
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.16 AC / 6,946 SF
CountyLos Angeles County

Virtual Tour

Building Information for 271 West Ash Avenue

Stories1Residences-Year Built1938Building Size-Lot Size0.16 AC / 6,946 SF

Property Information for 271 West Ash Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Quadplex
  • View: Yes
  • View Description: Hills
  • View: Hills
  • Direction Faces: East
  • Water: District
  • Sewer: Sewer Paid
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner May Carry
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $119,100
  • Net Operating Income: $91,708.00
  • Gross Income: $119,100
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $16.79
  • Actual Annual Gross Rent: $119,100.00
  • Actual Rent Total: $119,100.00
  • Total Annual Expense: 27392
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1595
  • Lot Size Square Feet: 6946
  • Lot Size Dimensions: 50x141
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn
  • Lot Description: Alley Paved, Back Yard, Front Yard, Landscaped, Lawn
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Attached
  • Total Parking: 2
  • Garage Spaces Total: 8
  • Parking Features: Garage - Single Door, Garage - Two Door, Garage, Uncovered
  • Attached Garage: Yes
  • Garage Structures Total: 7.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Dishwasher, Dryer
  • Interior Features: Ceiling Fan(s)
  • Kitchen Features: Counter Top
  • Cooking Appliances: Built-Ins
  • Laundry: Garage
Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • Door Features: Sliding Doors
  • New Construction: No
  • Construction Materials: Frame
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-19-2024
  • Rent Control: No
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,803.00
  • Unit Actual Rent: $1,803.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,607.00
  • Unit Actual Rent: $1,607.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,715.00
  • Unit Actual Rent: $1,715.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number Leased: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $159,120.00
  • Assessed Improvement Percent: 52.99
  • Assessed Land Value: $141,143.00
  • Assessed Land Percent: 47.01
  • Assessed Total Value: $300,263.00

Property History for 271 West Ash Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 271 West Ash Avenue

Taxable ValueLand$143,965Additions$162,302Total$306,267
Tax Record2024$3,768 ($314 / month)
Home Facts
Total Finished SqFt2,824 SqFtAbove Grade Finished SqFt2,824 SqFtStories1Lot Size6,944 SqFtStyleQuadraplexYear Built1938ZoningBUR4*CountyLOS ANGELESAPN2451-033-006

Schools near 271 West Ash Avenue

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
William Mckinley Elementary School
PublicK to 5

Dolores Huerta Middle
Public6 to 8

John Burroughs High School
Public9 to 12

Burbank Usd Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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271 West Ash Avenue is a multi-family home for sale in Burbank, CA 91502. This property was listed for sale on July 1, 2024 by Avison Young – Southern CA LTD, it's currently listed at $1,999,999. This listing's school district is Burbank Unified School District. Nearby schools include William Mckinley Elementary School, Dolores Huerta Middle and John Burroughs High School. 271 West Ash Avenue is a 6-bed, 4-bath, 2,824 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Avison Young – Southern CA LTD, Christopher Baer, DRE #00875482

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.