157 West Ash Avenue
Burbank, CA 91502
County: Los Angeles
For sale 5 units multifamily property located at 157 West Ash Avenue in Burbank, CA. This property, built in 1988, is not subject to any local rent control laws. It is only restricted by California's AB-1482, which limits annual rent increases to 5% + CPI. This 4,564 square foot building sits on a 6,274 square foot lot (0.14 acres), and it boasts an excellent unit mix of (2) 1 Bed / 1 Bath units and (3) 2 Bed / 1.5 Bath units. 3 of the 5 units have been fully renovated in the past few years, and the buyer will still be able to achieve an estimated 20% upside in rents without the worry of much deferred maintenance. For more information contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
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