2001 Peyton Avenue

Burbank, CA 91504

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,232 Sqft
  • 19166
    Sqft(Lot)
$5,995,000

Description

This is an excellent opportunity to invest in a rare non-rent-controlled 20-unit building (95% occupied) in the prime burbank area, priced at only $299k per door for renovated units. the property boasts an incredible current 5.25% cap rate and 13.2 grm with upside potential to reach a 5.7% cap rate and 12.4 grm on proforma. notably, there are preliminary plans for 8 detached adus over the open parking lot in the back that offers exceptional future upside potential. 16 fully renovated units and 1 partially remodeled unit offer promising long-term value for any forward-thinking investor. additionally, the large lot size of approximately 19,166 sf provides ample parking spaces, and there is potential for future upside by adding multiple adus (accessory dwelling units). non-la-city rent-controlled asset allowing significant 8.9% annual rent increases (5%+cpi) for future upside. 16 units have been completely renovated with permits (1 vacant) and boast a high-end aesthetic with new cabinets, flooring, modern lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. amenities include a renovated courtyard with seating areas and a fire pit, on-site laundry facilities, and parking for convenience. prime burbank location is just minutes away from media giants such as warner bros studios, walt disney studios, and burbank town center shopping mall.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48300062

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 20
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator
    • Flooring: Laminate

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1960
    • Building Area Total: 9,232

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.44
    • Lot Size Source: Owner
    • Lot Size Square Feet: 19166

  • Listing Price Information

    • Original List Price: 5,995,000
    • Listing Contract Date: 2025-01-09

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2468016004

  • Garage and Parking

    • Garage Description: Assigned,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Postal Code Plus 4: 3541
    • Directions: From Glenoaks Blvd., turn south onto Grisimer Ave., then turn West (Right) onto Peyton Ave. The subject property will be on the right (mid-block).
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank

    Building and Construction

    • Property Age: 65
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9232
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/20/2025 @ 20:31

  • MLS: 25479303
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,232 sqft, 19,166 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Burbank , in zip code 91504, this Los Angeles County Home are nearby neighborhoods.