4100 W McFarlane Ave | Burbank, CA 91505

SALE PRICE: $4,725,000

PRICE/UNIT: $363K          PRICE/SF: $530                  GRM: 15.75                 CAP RATE: 4.04%             

TRANSACTION HIGHLIGHTS

• SOLID $75k over the asking price with a non contingent offer day 1

• PRIME Burbank location steps from Warner Bros Studios

• TURNKEY opportunity with market rents

• COMPLETED earthquake seismic retrofit

• NEW roof being installed by seller

• EXCELLENT unit mix consisting of (2) 2B/1B, (10) 1B/1B and (1) Studio unit

• UNITS separately metered for gas and electric

• NOT subject to LA rent control

• BUYER + SELLER both represented by Michael Monempour