131 S Virginia Avenue

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131 S Virginia Avenue

Burbank, CA 91506
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Burbank
  • Property consists of two residential units for income generation
  • Located at 131 S Virginia Avenue within Los Angeles County
  • Asset positioned in a stable market with consistent rental demand
  • Practical investment for those seeking small-scale residential holdings

What's Special

This multifamily apartment building at 131 S Virginia Avenue in Burbank, California, presents a functional acquisition for investors seeking residential assets in the Greater Los Angeles area. The property features two distinct units, providing a manageable scale for portfolio growth or entry-level ownership in a stable submarket. Burbank serves as a major hub for the entertainment industry, supported by a dense population and consistent demand for rental housing across the region. The location offers proximity to regional transit arteries and major studio employers, making it a practical choice for workforce housing. Given the configuration, the site is well-suited for long-term hold strategies or repositioning efforts to cater to the local professional tenant base. Investors will find this asset aligns with demand for reliable, smaller-scale residential inventory in a central Southern California location known for its strong economic foundation.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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