155 N Florence

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155 N Florence

Burbank, CA 91505
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 residential building located in Burbank California
  • Asset consists of two separate apartment units
  • Situated within the established 91505 residential zip code
  • Proximity to major media industry employment hubs
  • Accessible location within the Greater Los Angeles region

What's Special

Investors seeking an entry into the Burbank multifamily market will find this two-unit apartment building at 155 N Florence a viable addition to their portfolio. The property resides in the 91505 zip code, a region known for its proximity to major media and entertainment headquarters, which consistently generates steady demand for rental housing. Residents here benefit from easy access to regional transportation corridors, connecting them to the broader Los Angeles metropolitan area. This small-scale multifamily asset provides a straightforward management profile suitable for those focusing on long-term residential hold strategies. The local economy is bolstered by its unique position as a hub for the film and television industry, helping to maintain a stable tenant base. The scale of this investment allows for efficient oversight while leveraging the persistent rental demand inherent to this part of the San Fernando Valley. Future owners may explore repositioning or renovation strategies to align with current market standards while capitalizing on the site's central location.

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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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