1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants.The building consists of one spacious 2 bedroom, 1 bathroom “owner’s unit†and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years.1612 W Alameda is situated blocks from the amazing “Riverside Rancho Districtâ€. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals– i.e. A tenants!
1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants.The building consists of one spacious 2 bedroom, 1 bathroom “owner’s unit†and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years.1612 W Alameda is situated blocks from the amazing “Riverside Rancho Districtâ€. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals– i.e. A tenants!