BurGlen

7 Apartment Buildings

Totaling 100 Units

Prime Glendale & Burbank

$34,850,000

Price $34,850,000 Property Use Type Investment
No. Units 100 Cap Rate 3.47%
Building Size 92,788 SF Gross Rent Multiplier 18
Price/Unit $348,500 Occupancy 100%
Property Type Multifamily Lot Size 85,103 SF
Property Sub-type Garden/Low-Rise APN / Parcel ID Multiple

Description

The Alexanian Advisors as exclusive agents, are proud to introduce the BurGlen multi family portfolio. This opportunity of a lifetime consists of 7 non rent controlled assets totaling 100 units being offered for sale from 1 owner, meticulously owned and managed. Offered as a portfolio bulk sale or individual sale, 6 of the following properties are walking distance to each other, all in prime locations.

For complete offering memorandum, contact listing agent.

Both Glendale & Burbank are non rent controlled cities with big affordability gaps to ownership and high renter to ownership ratios. Both cities are witnessing historically low vacancy factors and consistent Y.O.Y. rent gains. Downtown Los Angeles & Pasadena are in 15 minutes access. Very close proximity to Disney’s GC3 (Grand Central Creative Campus), Dreamworks Studios, Warner Bros, ABC7.

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