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2001 Peyton Ave
Burbank, CA 91504 Vega

$5,995,000 USD

Apartments For Sale • 9,232 SF

Property Details

Property Type Apartments
Total Building Size 9,232 SF
Lot Size 0.44 AC
Building Class B
Year Built 1960
Cap Rate 5.25 %
Zoning BUR4*

41 Transit Score

71 Walk Score

                
                    Highlights
                
                                Rare non-rent controlled 20-unit building (95% occupied) in the prime  Burbank area, priced at only $299k per door for renovated units.
                            
                                Incredible Current Cap Rate of 5.25% Cap Rate and 13.2 GRM with upside  potential to reach a 5.7% cap rate and 12.4 GRM on proforma.
                            
                                16 fully renovated units with permits and 1 partially remodeled units offer  promising long-term value for any forward-thinking investor.
                            
                                 Easy to Rent Unit Mix of All Studios that are Individually metered for  Electricity.
                            
                                Large 19,166 SF Lot with lots of parking spaces.
                            
                                Preliminary Plans for 8 Detached ADUs over the open parking lot

Property Flyers

Offering Memorandum

Cap Rate:

5.25 %

Amenities

Air Conditioning
Picnic Area
Heating
Kitchen
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains)	4 min	-	1.6 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.0 mi
Airport	Drive	Walk	Distance
Bob Hope	8 min	-	3.9 mi
Los Angeles International	43 min	-	28.1 mi
Long Beach (Daugherty Field)	47 min	-	33.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

2001 Peyton Ave Burbank, CA 91504 Vega