7 Apartment Buildings
Totaling 100 Units
Prime Glendale & Burbank
|Price||$34,850,000||Property Use Type||Investment|
|No. Units||100||Cap Rate||3.47%|
|Building Size||92,788 SF||Gross Rent Multiplier||18|
|Property Type||Multifamily||Lot Size||85,103 SF|
|Property Sub-type||Garden/Low-Rise||APN / Parcel ID||Multiple|
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.
* 303 E. Alameda Ave, Burbank – 20 units – $6,700,000
* 1157 Alameda Ave, Glendale – 18 units – $6,650,000
* 316 E. Santa Anita, Burbank – 8 units – $2,800,000
* 313 E. Providencia, Burbank – 8 units – $2,700,000
* 1165 Thompson Ave, Glendale – 18 units – $6,500,000
* 530 Palm Dr, Glendale – 16 units – $5,400,000
* 618 Glenwood Rd, Glendale – 12 units – $4,100,000
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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