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    Property profile & analytics

    366 Alameda Ave Burbank, CA 91506-3331

    • Apartment buildings
    • 5,720 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2025
    $3,500,000
    Value Estimations
    $3,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6897392
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 366 Alameda Ave

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    5,720 SF
    Zone code
    BUR4*
    Property type
    Apartment buildings
    APN
    5625-020-005
    APU
    5625020005

    Description

    This exceptional 12-unit apartment building presents a compelling investment opportunity in Burbank, CA. Located at 366 W Alameda Ave, 91506, this property boasts 11,440 square feet of rentable space situated on a sizable 18,480 square foot lot. The two-story building, constructed in 1953, comprises two structures and features a mix of eight 2-bedroom/1-bathroom units and four 1-bedroom/1-bathroom units, averaging over 950 square feet each. The property's current NOI is $143,941, yielding a 3.69% cap rate, with a pro-forma NOI of $261,447 and a pro-forma cap rate of 6.70%. The asking price is $3,900,000, or $325,000 per unit. Benefiting from its location in Burbank's desirable media district, close to major studios, freeways (5 and 134), and the Burbank Metro Link, this property offers significant upside potential through rent increases. The building features a pitched roof, mostly copper plumbing, and newer windows. Units have been upgraded with new flooring as they become vacant. Note that Burbank is subject to AB1482 rent control. The property is zoned BUR4 and consists of two separate assessor parcel numbers (APN 5625-020-005). This is a rare opportunity to acquire a well-maintained multifamily property in a prime location with substantial potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,355,000
      ML approach
      $3,305,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,505,000
      RESTAURANT
      $3,725,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,480,000
      RETAIL STORES
      $3,130,000
      OFFICE BUILDING
      $3,080,000
      WAREHOUSE, STORAGE
      $2,835,000
      COMMERCIAL (GENERAL)
      $2,745,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.31
    Latitude
    34.1648
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,183
    $169,869
    $297,861
    $467,730
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      8,018 SF

      430 Alameda Ave

      APARTMENT HOUSE (5+ UNITS) • 8,018 SF
      430 Alameda Ave, Burbank, CA 91506-3295
      View Details
    • Value Estimation
      $275,000
      5,712 SF

      1601 Alameda Ave

      APARTMENT HOUSE (5+ UNITS) • 5,712 SF
      1601 Alameda Ave, Burbank, CA 91506-2722
      View Details
    • Value Estimation
      $375,000
      9,739 SF

      1021 Clark Ave

      APARTMENT HOUSE (5+ UNITS) • 9,739 SF
      1021 Clark Ave, Burbank, CA 91506-2006
      View Details
    • Value Estimation
      $300,000
      5,300 SF

      1914 Verdugo Ave, Unit C

      APARTMENT HOUSE (5+ UNITS) • 5,300 SF
      1914 Verdugo Ave, Burbank, CA 91506-2153
      View Details
    • Value Estimation
      $295,000
      3,896 SF

      428 Glenwood Pl

      APARTMENT HOUSE (5+ UNITS) • 3,896 SF
      428 Glenwood Pl, Burbank, CA 91506-1806
      View Details
    • Value Estimation
      $3,525,000
      9,310 SF

      420 Elmwood Ave

      APARTMENT HOUSE (5+ UNITS) • 9,310 SF
      420 Elmwood Ave, Burbank, CA 91506-3357
      View Details

    Similar Nearby for Sale

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      Burbank Multifamily Investment Opportunity

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      Burbank Multi-Unit Income Property

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      Multifamily property in Glendale, CA with ADU potential.
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      Burbank Retail Space: Prime Location

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      Burbank Commercial Corner Property

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      Flex Commercial Building For Sale

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    Similar Nearby for Lease

    • $1.95 SF/Yr
      13,500 SF

      Industrial Building with Yard

      13,500 SF industrial building with yard for lease.
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      View Details
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      Burbank Commercial Building For Lease

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      View Details
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      Burbank Executive Office Space For Lease

      Premium Burbank office, 7,977 sq ft available.
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      View Details
    • $2 SF/Yr
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      Burbank Office Space For Lease

      Approximately 7,977 SF office suite available for lease.
      910 Alameda Ave, Burbank, CA 91506
      View Details
    • $2 SF/Yr
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      Burbank Commercial Building For Lease

      Flexible commercial building with parking, heavy power, and dock.
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      View Details
    • $8,700 /Mo

      Commercial Kitchen Ready Property

      Two-story, 5000 sq ft property with full commercial kitchen.
      1861 Victory Pl, Burbank, CA 91506
      View Details
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    366 Alameda Ave
    Burbank, CA 91506-3331
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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