1701 W ALAMEDA AVE Burbank, CA 91506

1701 West Alameda is a non-rent control multifamily property located in the Rancho District of Burbank. The asset consists of 5 units of 3,586 SF and is situated on a large 13,956 SF lot. The building features 1940 construction and is located on a beautiful corner lot close to the Alameda Avenue and Reese Place signalized intersection. Zoning is BUR4*. This fully occupied property consists of a unit mix of two 2 Bedroom + 1 Bathroom apartments and three 1 Bedroom + 1 Bathroom apartments. Each unit has its own path that leads to the entrance and the lush foliage gives this building great character. There is also a nice shared courtyard. The gross annual income is $64,398 and all of the tenants are on month-to-month leases. There is significant rental upside. The prime Burbank location and corner lot on Alameda Avenue make this property irreplaceable. Burbank is a highly desirable rental market and the property is 1/2 mile from the Walt Disney Studios & in close proximity to Warner Brot