2542 Buena Vista St Burbank, CA 91504

Property Details for 2542 Buena Vista St

Year built

1951

Property size

2,661 SF

Property type

Commercial real estate

APN

2473-020-016

Description

This exceptional four-unit apartment building presents a compelling investment opportunity in the desirable Burbank, California market. Located at 2542 N. Buena Vista Street, this property boasts a total of 2,661 square feet on a 6,632 square foot lot (APN 2473-020-016). The building, constructed in 1951, comprises two two-bedroom units and two one-bedroom units, each enhanced by recent renovations. Improvements include a brand-new roof (2023) and all new exterior windows, significantly enhancing energy efficiency and curb appeal. Three of the four units feature remodeled kitchens, complete with updated cabinets, countertops, and sinks. Bathrooms have also undergone complete renovations. An attached garage provides convenient laundry facilities for residents. One unit is currently vacant, offering immediate potential for increased rental income. The remaining three units are currently under-market rent, presenting a significant opportunity to boost the property's overall return on investment. The property's prime location offers easy access to the 5 freeway and Burbank Airport, as well as the Empire Center and the vibrant downtown Burbank area, with its diverse selection of retail, dining, and entertainment options. This is a rare chance to acquire a well-maintained, updated multifamily property with substantial upside potential in a highly sought-after location. The asking price is $1,600,000, representing a price per unit of $400,000 and a price per square foot of $601.28. The property's strong fundamentals and location make it an ideal addition to any investment portfolio.