In escrowResidential Income
$7,850,000
Listing provided by Douglas Steinriede
1819 W. Alameda Ave is offered at a 6.20% cap rate and comprises 20 units in Burbank's Rancho Adjacent neighborhood, near the center of the city between Verdugo and Alameda Avenues. The unit mix includes 16 two-bedroom/two-bathroom units and 4 two-bedroom/one-bathroom units, 11 of which have already been remodeled … giving new ownership a clear value-add roadmap: renovate the remaining nine units to bring them to market rent and capture the property's approximately 15% loss to lease by filling existing vacancies. Additional upside exists in monetizing the property's 40 parking spaces, which currently sit unrented.
Listing Snapshot
Days online73
Last updatedOct 5, 2026
Property typeResidential Income
Beds0
Full baths0
Square ft.19,358
Lot size0.37 Acres
Year built1986
MLS number00-26865431
Additional Details
Building
Year Built: 1986,Building Area Total: 19358,Living Area: 19358,Stories Total: 2,Levels: Multi/Split
Lot
Lot Size Acres: 0.37,Lot Size Square Feet: 16278
Interior
Interior Features: Ceiling Fan(s),Kitchen Appliances: Refrigerator,Laundry Features: Dryer Included,Stackable,Washer Included
Parking
Parking Features: Subterranean
Heating
Heating: Central
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