1819 W Alameda Avenue, Burbank, CA 91506
Local realty services provided by:ERA North Orange County Real Estate
1819 W Alameda Avenue,Burbank, CA 91506
$7,850,000
- 40 Beds
- 40 Baths
- 19,358 sq. ft.
- Multi-family
- Active
Listed by: douglas steinriede
Office: dover management corp.818-843-5200
MLS#:26865431
Source:CRMLS
Price summary
- Price:$7,850,000
- Price per sq. ft.:$405.52
About this home
1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented.
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Home facts
- Year built:1986
- Listing ID #:26865431
- Added:2 day(s) ago
- Updated:July 31, 2026 at 11:07 AM
Rooms and interior
- Bedrooms:40
- Total bathrooms:40
- Kitchen Description:Refrigerator
- Living area:19,358 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1986
- Building area:19,358 sq. ft.
- Lot area:0.37 Acres
Finances and disclosures
- Price:$7,850,000
- Price per sq. ft.:$405.52
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
- Amenities:Ceiling Fans
Parking
- Total parking spaces:40
- Parking description:Underground
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