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1721 Scott Rd
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1721 Scott Rd
10 Unit Block of Flats £2,540,958 (£254,096/Unit) 4.89% Net Initial Yield Burbank, CA 91504
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EXECUTIVE SUMMARY
This 10-unit apartment complex is located in Burbank, California. The front structure is a 2-bedroom/1-bath single family residence built in 1939. The rear structure is a 9-unit two-story walk up apartment building built in 1964. There are 11 parking spaces, 9 in the rear accesses by north driveway and 2 in the front of the SFR. The complex is located close to both Bob Hope Airport and Downtown Burbank placing it amongst a major employment cluster including dozens of aviation support companies, several major motion picture studios, banking and law firm occupied office buildings and multiple regional retail shopping districts. The close proximity to Interstate 5 provides quick access to Dodger Stadium, Griffith Park, Downtown Los Angeles and the Santa Clarity Valley. Via the 134/101 freeways makes a convenient connection to the eastern and western San Fernando Valley including the Ventura Boulevard corridor communities and the Glendale & Pasadena areas to the east. This is a supply constrained municipality with demand to reside there far higher than available housing. Occupancy rates in Burbank are excellent. Please do not walk on property or disturb tenants. For addition information please see attached OM in the document section. Please call listing agent for additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
£178,607
![]() |
£26.84
![]() |
Other Income |
£1,432
![]() |
£0.22
![]() |
Vacancy Loss |
£5,358
![]() |
£0.81
![]() |
Effective Gross Income |
£174,680
![]() |
£26.25
![]() |
Taxes |
£31,024
![]() |
£4.66
![]() |
Operating Expenses |
£20,780
![]() |
£3.12
![]() |
Total Expenses |
£51,805
![]() |
£7.79
![]() |
Net Operating Income |
£122,876
![]() |
£18.47
![]() |
FINANCIAL SUMMARY (ACTUAL - 2024)
Gross Rental Income | |
---|---|
Annual | £178,607 |
Annual Per SF | £26.84 |
Other Income | |
---|---|
Annual | £1,432 |
Annual Per SF | £0.22 |
Vacancy Loss | |
---|---|
Annual | £5,358 |
Annual Per SF | £0.81 |
Effective Gross Income | |
---|---|
Annual | £174,680 |
Annual Per SF | £26.25 |
Taxes | |
---|---|
Annual | £31,024 |
Annual Per SF | £4.66 |
Operating Expenses | |
---|---|
Annual | £20,780 |
Annual Per SF | £3.12 |
Total Expenses | |
---|---|
Annual | £51,805 |
Annual Per SF | £7.79 |
Net Operating Income | |
---|---|
Annual | £122,876 |
Annual Per SF | £18.47 |
PROPERTY FACTS
Price | £2,540,958 | Apartment Style | Low Rise |
Price Per Unit | £254,096 | Building Class | C |
Sale Type | Investment | Lot Size | 0.26 AC |
Net Initial Yield | 4.89% | Building Size | 6,654 SF |
Gross Rent Multiplier | 14 | Average Occupancy | 97% |
No. Units | 10 | Number of Floors | 2 |
Property Type | Multifamily | Year Built | 1964 |
Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
Price | £2,540,958 |
Price Per Unit | £254,096 |
Sale Type | Investment |
Net Initial Yield | 4.89% |
Gross Rent Multiplier | 14 |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.26 AC |
Building Size | 6,654 SF |
Average Occupancy | 97% |
Number of Floors | 2 |
Year Built | 1964 |
Parking Ratio | 1.65/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 9 | - | 550 |
2+1 | 1 | - | 800 |
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
Parcel Number | 2468-005-051 | Total Assessment | £608,102 |
Land Assessment | £364,863 | Annual Taxes | £31,024 (£4.66/sf) |
Improvements Assessment | £243,239 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2468-005-051
Land Assessment
£364,863
Improvements Assessment
£243,239
Total Assessment
£608,102
Annual Taxes
£31,024 (£4.66/sf)
Tax Year
2024
ZONING
Zoning Code | BUR4 (multiple dwelling zone) |
BUR4 (multiple dwelling zone) |
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VIDEOS
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PHOTOS
STREET VIEW
STREET
MAP
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1721 Scott Rd
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