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157 W Ash Avenue
USD 2,625,000
Property ID: 23319683
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157 W Ash Avenue ,91502
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icon 6252 SqFt
icon Built in 1988
icon USD 420/SqFt
icon 8 Beds
icon 6 Full
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Location Street View
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Interior Details
Bedrooms
8
Bathrooms
6
Interior Size
4564
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1988
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Detailed Introduction Of This Home
We are proud to present an exceptional investment opportunity at 157 W Ash Ave. Located in the heart of Burbank, California, this meticulously renovated 5-unit multifamily property stands as a testament to modern residential design and functionality. Built in 1988, the property underwent a comprehensive overhaul in 2023, ensuring it meets the high standards of contemporary living. Diversified in its offerings, the property features two 1-bedroom, 1-bathroom units, two 2-bedroom, 1-bathroom units, and an expansive 2-bedroom, 1.5- bathroom townhouse. All units unveil an open floor plan graced with laminate flooring, ceiling fan/light fixtures, and recessed lighting. The kitchens are masterclasses in modern design with sleek countertops, pristine white cabinets, and a suite of stainless-steel appliances that ensure optimal functionality. The bathrooms are prudently designed to offer ample storage space and feature illuminated vanity mirrors. Bedrooms are spacious and integrated with walk-in closets, facilitating a streamlined living environment.Financially, this property holds significant appeal, especially with the inclusion of an assumable loan from Chase Bank. This loan has a pending balance of roughly $960,000, bearing an interest rate of 3.96%. Considering the property's CAP rate at 4.72%, prospective buyers can anticipate robust cash flow from the outset. Burbank itself does not enforce any specific rent control measures, however the property is subject to California's AB 1482 regulations which allow for annual rent increase ranging from 5% to 10% depending on CPI.Externally, the property underscores security with an automatic gated entrance and meticulous maintenance. The availability of ample onsite parking for both residents and guests is a notable feature. Tenants benefit from a communal laundry room and a serene outdoor space outfitted with a seating area. The residence's placement on a peaceful cul-de-sac street enhances its appeal, ensuring residents enjoy a tranquil living environment.Located merely a 2-minute drive from downtown Burbank, this property offers a harmonious blend of suburban peace with urban accessibility. Its strategic positioning facilitates easy access to the freeway, allowing for effortless commutes to various parts of Los Angeles. Notably, the famed Burbank studios are within proximity, adding a touch of Hollywood allure. This central Burbank location ensures residents are never far from an array of amenities, shopping, dining, and entertainment options, making it an attractive proposition for potential tenants.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (19)
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157 W Ash Avenue
USD 2,625,000 8 Beds
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