143 N Beachwood Drive, Burbank, California 91506

Rare 12 Unit building with 8 vacancies in the Prime Burbank area priced at only 395k/door for bungalow style units. Incredible Current Cap Rate of 4.5% and 15.5 GRM after renovations with upside to 5% Cap Rate and 14.5 GRM. All vacant units are under renovation so the buyer can complete to own taste and finishes and get top market rents. (All the rough construction and heavy lifting have been done). Diverse Unit Mix consisting of 2 (2bed/1bath), 4 (1bed/1bath), 6 (studio/1bath). All units are individually metered for Gas & Electricity. Preliminary plans to add 4 ADUs (2 Attached & 2 Detached) to further improve the numbers to only 296k/door. Non-Rent Controlled Asset allowing 10% annual increases. Prime Burbank location minutes away from media giants such as Warner Bros Studios, Walt Disney Studios, and Burbank Town Center Shopping Mall.