• 15 Unit Apartment Building- 1951 Construction- Completely Renovated in 2023
• Huge 17,821 Square Foot Lot!
• Desirable Unit Mix: (12) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) 2-Bed/2-Bath
• Turn Key Deal- 5.64% Day 1 Cap Rate
• All Major Systems Brand New- Electrical, Roof, Plumbing
• Brand New Interiors-New Countertops, Cabinets, Flooring, Recessed Lighting, Washer/Dryer, Central A/C and Heat
• Excellent Burbank Location- Just South of Glenoaks Blvd
• Excellent Access to I-5 Freeway, Magnolia Blvd & Metrolink Stations

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The Sterman Multi-Family Group of Marcus & Millichap is pleased to present a 15-unit apartment property in the highly desirable city of Burbank, California. Built in 1951 and fully renovated in 2023, theproperty features twelve (12) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, andone (1) two-bedroom/two-bath unit, totaling approximately 9,841 square feet on a 17,821 square footlot.

This turnkey property offers all major systems brand new, including electrical, plumbing, and roof, alongwith modern interiors featuring new countertops, cabinets, flooring, recessed lighting, washer/dryer, andcentral A/C and heat. The property delivers a 5.64% Day 1 cap rate, providing immediate income forinvestors.

Located just south of Glenoaks Blvd and near Downtown Burbank, residents enjoy convenient access to shopping, dining, and entertainment at Burbank Town Center, AMC Theatres, and San Fernando Boulevard, as well as proximity to major employers such as Disney, Warner Bros., and Nickelodeon Animation.

With excellent connectivity to the I-5 Freeway, Magnolia Blvd, and Metrolink stations, this property is a rare opportunity to acquire a well-located, turnkey multifamily asset in one of Los Angeles County’s most stable rental markets. Strong fundamentals, a desirable unit mix, and consistent tenant demand make it an attractive investment with upside through rent optimization.

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