91506 Homes with Apartment Subtype

91506 Homes with Apartment Subtype

Located in Burbank, Los Angeles County, California, the zip code 91506 is a vibrant area known for its diverse real estate options. Whether you are a first-time homebuyer or looking for an investment property, this zip code offers a range of homes with the apartment subtype.

The homes with apartment subtype in 91506 are a popular choice for those seeking a multi-functional living space. These properties typically feature multiple units, providing the opportunity for homeowners to live in one unit while renting out the others. This setup not only offers financial benefits but also allows for a flexible lifestyle.

The apartments in this area come in various sizes and styles, catering to different preferences and needs. From cozy studios to spacious multi-bedroom units, there is something for everyone. Many of these homes boast modern amenities and updated interiors, ensuring a comfortable living experience.

Living in 91506 provides residents with easy access to a wide array of amenities. The zip code is home to numerous parks, shopping centers, restaurants, and entertainment venues. Additionally, Burbank's proximity to major highways and public transportation makes commuting to other parts of Los Angeles a breeze.

If you are considering purchasing a home with the apartment subtype in 91506, it is advisable to work with a knowledgeable real estate agent who can guide you through the process. They can help you find the perfect property that meets your needs and fits your budget.

Overall, 91506 offers a fantastic opportunity for those looking to invest in real estate or find a home with the apartment subtype. With its prime location, diverse housing options, and convenient amenities, this zip code is worth exploring for anyone seeking a dynamic living experience in Burbank, California.

Newest 91506 Homes with Apartment Subtype

$4,250,000
SR26169083 MLS ⋅ Active Status
Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank’s desirable Rancho Adjacent submarket. A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot. Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.

455 - 457 W Elm, Burbank
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.