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2001 Grismer Avenue
Burbank, CA 91504
Asking Price
$5.50M
Cap Rate
4.41%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Burbank | 14 Units <ul><li>14-unit, 1987-built North Burbank apartment community offered at $5,500,000</li></ul><p></p><ul><li>Uniform 2-bedroom / 2-bathroom unit mix across all 14 units</li></ul><p></p><ul><li>OM-stated current NOI of $242,428 and pro forma NOI of $328,062</li></ul><p></p><ul><li>In-place average rent of $2,203 per unit versus OM market rent of $2,750 per unit</li></ul><p></p><ul><li>Burbank is independent from Los Angeles and the OM states the property is governed by AB 1482, not City of Lo
Free Valuation Calculator
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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989
