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700 S 6th St
Burbank, CA 91501 Burbank

$10,150,000 USD

Apartments For Sale  •  20,768 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,768 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 1958
  • Zoning BUR4*
40 Transit Score
60 Walk Score

Highlights

Prime Location North of Glenoaks Boulevard in the Burbank Foothills
Rare Mid-Size Offering — Over Past 20 Years, Fewer than One Sale per Year of 30- to 99-Unit Properties in Burbank
Attractive 6.11% CAP Rate with Rent Upside
Not Subject to Los Angeles Rent Control -- Burbank’s Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners
Thoroughly Renovated and Meticulously Maintained, Allowing New Investor to Benefit from a Turnkey Property with Minimal Deferred Maintenance
Central Air/Heat for All Units, Stainless Steel Appliances, Recessed Lighting, Vaulted Ceilings, and Quartz Countertops in Most Apartments

Amenities

  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Courtyard
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Online Services
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 1.7 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.8 mi
AirportDriveWalkDistance
Bob Hope 12 min - 6.6 mi
Los Angeles International 41 min - 26.6 mi
Long Beach (Daugherty Field) 46 min - 32.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
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