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2414 N Lamer
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- The asking price for this apartment building is $1,300,000.
- This multifamily asset currently maintains a 5.91% cap rate.
- The property is located in the city of Burbank, California.
- The building structure consists of one individual residential unit.
- Burbank is a central hub for the regional entertainment industry.
What's Special
Priced at $1,300,000, this apartment building presents an investment in the Burbank multifamily market. The asset operates at a 5.91% cap rate and consists of one unit. Situated in a region known for its strong entertainment industry presence and proximity to major media studios, the property benefits from the stable demand characteristic of the San Fernando Valley submarket. Its placement within Burbank offers access to a dense population base and established local infrastructure. This multifamily holding serves as a practical addition to a residential investment portfolio. Given the ongoing need for housing in the Los Angeles metro area, the site functions well for long-term hold strategies. The property provides investors exposure to a consistently active rental environment near regional employment hubs and transportation networks.
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