Est. cap rate

2.6%

Assumed rent, all units

$9,640/mo

Units

4

Price per unit

$548,750

Est. annual NOI

$57,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,338 sqft

Lot size

5,724 sqft

Year built

1939

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

16

MLS #

247273243

About this property

**All four units can be delivered fully vacant** Rare opportunity to own a fully renovated, income-producing 4-unit property just minutes from Burbank Airport. Buyer has complete flexibility to owner-occupy, self-manage, or step into a turnkey mid-term rental operation from day one. The Property: This offering combines a fully remodeled duplex with two brand-new ADUs, completed in 2023, no expense spared. Every unit is fully furnished and currently operates as a mid-term rental, averaging $3,500 per month per unit in rental income. Major Systems and Upgrades: New 400-amp main electrical panel, upgraded sewer line, new roof, new electrical throughout, new plumbing, new HVAC systems, brand-new kitchens, new vinyl flooring, new tile bathrooms, and new insulation, drywall, and windows. Existing Duplex: Extensively remodeled top to bottom, with new systems, finishes, and fixtures throughout, delivering the same like-new quality as the ADUs. Two New ADUs, Built 2023: Ground-up construction, fully furnished, and designed for immediate mid-term rental income with modern finishes and efficient layouts. Location: Centrally located near Burbank Airport, with easy access to major studios, freeways, and Burbank's business corridor, a prime draw for traveling professionals seeking furnished, flexible-term housing. Investment Highlights: Four total units, all deliverable vacant. Fully furnished, mid-term rental ready. Approximately $14,000 per month combined gross rental potential. 2023 new construction ADUs. Extensively renovated existing duplex. Prime Burbank location near the airport and studios. ADUs have fully owned solar. Furnishings are negotiable.

Location

2002 W Victory

Burbank, Los Angeles, CA, 91506