140 N Maple St — Sale in Burbank, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Burbank, CA 91505

Photos

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Investment Figures

Cap rate
4.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to announce the opportunity to purchase the 140 N Maple Street, a four-unit multifamily property located in Burbank, CA. Situated near the intersection of Olive Avenue and Pass Avenue, the building sits just one block from world-famous Warner Bros. Studios. Due to the fact that the property is subject only to Burbank’s local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. Because there are no seismic retrofit repairs required (Buyer to verify), the property allows a new investor to save from an otherwise costly maintenance expense. The pitched roof and partial copper plumbing also help to reduce both utility and maintenance costs, allowing for more profitable property operations. Located just a half-mile from the Burbank-Toluca Lake border, the property grants residents convenient access to Studio City, the NoHo Arts District, Glendale, Griffith Park, and the Hollywood Hills. Dubbed the “Media Capital of the World,” the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Warner Bros. Studios, Disney Studios, Walt Disney Imagineering, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. Several noteworthy restaurants and retail destinations are within the surrounding blocks, including Equinox Burbank, Smoke House Restaurant, Olive & Thyme, Don Cuco Mexican Restaurant, and the Disney XD office building. Investment Highlights: • Outstanding Burbank Location — One Block from Warner Bros. Studios • Excellent Unit Mix — All Two Bedroom Units • Not Subject to Los Angeles Rent Control -- Burbank's Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners When Compared to LA City • Half-Mile

Market Context

This multifamily in Burbank, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Burbank, CA — view the full market.

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