20-Unit Apartment
For Sale
$7,850,000
1819 W Alameda Ave, Burbank, CA 91506
Multifamily property with a two-bedroom unit mix, remodeled residences, and on-site parking.
Property Size19,358 SF
Price / SF$405.52
Days on Market27
Property Features for 1819 W Alameda Ave
General Information
Standard status
Active
Size
19,358 SF
Total Parking Spaces
40
Property subtype
Residential Income
Units
Unit Mix
16 x 2BR/2BA, 4 x 2BR/1BA
Multifamily Units
20
Additional Details
Cap Rate
6.2%
Listing Agency:
Dover Management Corp.
(818) 843-5200
Listed By:
Douglas Steinriede
(818) 843-5200
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 23 at 3:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dover Management Corp.
Investment Insights
Based on property information with market context.
This 20-unit apartment property contains 19,358 square feet and offers a consistent two-bedroom configuration throughout. Sixteen residences have two bathrooms, while four have one bathroom. Eleven units have been remodeled, leaving nine residences for future renovation. The property also includes 40 parking spaces that are currently unrented, creating an additional operational consideration for ownership.
Located at 1819 W Alameda Ave in Burbank’s Rancho Adjacent neighborhood, the property sits between Verdugo and Alameda Avenues near the city center. The offering reflects a 6.20% cap rate, with existing vacancies and approximately 15% loss to lease identified in the property information.
Located at 1819 W Alameda Ave in Burbank’s Rancho Adjacent neighborhood, the property sits between Verdugo and Alameda Avenues near the city center. The offering reflects a 6.20% cap rate, with existing vacancies and approximately 15% loss to lease identified in the property information.
Key Highlights
- 20‑unit apartment property totaling 19,358 square feet
- Unit mix includes 16 two‑bedroom/two‑bathroom and 4 two‑bedroom/one‑bathroom residences
- 11 units have been remodeled; 9 units remain to be renovated
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
2,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a two-bedroom unit mix, remodeled residences, and on-site parking.
Where is this apartment building located?
The property is located at 1819 W Alameda Ave Burbank, CA.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: 20‑unit apartment property totaling 19,358 square feet; Unit mix includes 16 two‑bedroom/two‑bathroom and 4 two‑bedroom/one‑bathroom residences; 11 units have been remodeled; 9 units remain to be renovated
