2701 2804 Burnap Avenue | Los Angeles | State of California | Prices, Plans, Availability

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2701 2804 Burnap Avenue

USD 1,950,000

Property ID: SN23195930

2701 2804 Burnap Avenue ,95973

42689 SqFt

Built in 1979

USD 46/SqFt

0 Bed

0 Full

Location Street View

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

15540

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1979

Detailed Introduction Of This Home

Excellent investment opportunity to own a Self Storage property in Chico. George’s Mini Storage is comprised of two locations, totaling 118 units. Located at the busy intersection of E. Lassen Ave and Burnap Ave, these properties offer an ideal location for high visibility and opportunity to service the surrounding multifamily occupants. The Seller just completed recent exterior improvements including new exterior paint, underground site drains, rod iron fencing, access gates, ballards and slurry seal. The property is in excellent condition and requires very low maintenance. Rents are currently below market value. The new owner can capitalize on recent property improvements to increase rents to market value and increase occupancy to quickly achieve an +/- 8% CAP. This is an excellent investment for someone looking to start out in self-storage, or a seasoned operator looking to add to their portfolio.

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