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Multifamily

260 W Linden Ave

260 W Linden Ave, Burbank, CA 91502

Listing Price: $1,795,000

Cap Rate
4.47%
Number of Units
4
Price/Unit
$448,750
Price/Gross SF
$456.98
Gross SF
3,928

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 260 W Linden Avenue, a four-unit multifamily property located in the desirable city of Burbank, CA. The property is walking distance to several retailers, including the new IKEA center, Trader Joe’s, Walgreens, and more along Victory Boulevard. Also found within a short drive are Burbank High School, Griffith Park, the Los Angeles Zoo, Costco, the Burbank Town Center, and Burbank Empire Shopping Center. With the large four-bedroom house possibly delivered vacant, a new owner may choose to live in that residence while using the income generated by the additional units to help offset mortgage payments. Half of the units have been completely remodeled, featuring new wood flooring, recessed lighting, new cabinets and countertops, stainless steel appliances, and upgraded bathrooms. On-site laundry facilities provide an additional revenue stream for the owner. The property offers nearly 4,000 square feet of living space spanning over 8,200 square feet of land. The lot contains a four-bedroom single family home, and three additional income-producing units at the rear of the parcel. Tenants enjoy living on a tranquil residential street, the building’s spacious floorplans, and their access to ample on-site parking. Since 260 W Linden Avenue qualifies for residential financing, either a savvy investor or an owner-occupier would have the opportunity to reap the benefits of today’s historically low financing interest rates.

Investment Highlights

  • Exceptional Burbank Location - Blocks from new IKEA, Trader Joe's, and Ralphs
  • Attractive CAP Rate for Both a Burbank Investment and a Quadruplex
  • Four-Bedroom House May Be Delivered Vacant -- Potential for Owner to Occupy House While Other Units Generate Income
  • Favorable Unit Mix - Mostly Two-Bedroom Units with a Large Four-Bedroom House
  • Select Interiors Upgraded with Recessed Lighting, Wood Flooring, New Kitchen Cabinets, Granite Countertops, Stainless Steel Appliances, and Remodeled Bathrooms
  • Short Drive to Burbank Town Center, Burbank Empire Shopping Center, Burbank High School, Griffith Park, Los Angeles Zoo, Warner Brothers Studio, and Walt Disney Studios
  • Low Price per Unit and Price per Square Foot Compared to Recent Similar Sales in Burbank
  • Ample On-Site Covered Parking

Exclusively Listed By

Listing Price: $1,795,000

Cap Rate
4.47%
Number of Units
4
Price/Unit
$448,750
Price/Gross SF
$456.98
Gross SF
3,928

Investment Highlights

  • Exceptional Burbank Location - Blocks from new IKEA, Trader Joe's, and Ralphs
  • Attractive CAP Rate for Both a Burbank Investment and a Quadruplex
  • Four-Bedroom House May Be Delivered Vacant -- Potential for Owner to Occupy House While Other Units Generate Income
  • Favorable Unit Mix - Mostly Two-Bedroom Units with a Large Four-Bedroom House
  • Select Interiors Upgraded with Recessed Lighting, Wood Flooring, New Kitchen Cabinets, Granite Countertops, Stainless Steel Appliances, and Remodeled Bathrooms
  • Short Drive to Burbank Town Center, Burbank Empire Shopping Center, Burbank High School, Griffith Park, Los Angeles Zoo, Warner Brothers Studio, and Walt Disney Studios
  • Low Price per Unit and Price per Square Foot Compared to Recent Similar Sales in Burbank
  • Ample On-Site Covered Parking

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 260 W Linden Avenue, a four-unit multifamily property located in the desirable city of Burbank, CA. The property is walking distance to several retailers, including the new IKEA center, Trader Joe’s, Walgreens, and more along Victory Boulevard. Also found within a short drive are Burbank High School, Griffith Park, the Los Angeles Zoo, Costco, the Burbank Town Center, and Burbank Empire Shopping Center. With the large four-bedroom house possibly delivered vacant, a new owner may choose to live in that residence while using the income generated by the additional units to help offset mortgage payments. Half of the units have been completely remodeled, featuring new wood flooring, recessed lighting, new cabinets and countertops, stainless steel appliances, and upgraded bathrooms. On-site laundry facilities provide an additional revenue stream for the owner. The property offers nearly 4,000 square feet of living space spanning over 8,200 square feet of land. The lot contains a four-bedroom single family home, and three additional income-producing units at the rear of the parcel. Tenants enjoy living on a tranquil residential street, the building’s spacious floorplans, and their access to ample on-site parking. Since 260 W Linden Avenue qualifies for residential financing, either a savvy investor or an owner-occupier would have the opportunity to reap the benefits of today’s historically low financing interest rates.

Exclusively Listed By

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