Listed by Northmarq Capital, LLC, NorthMarq - Newport Beach
$3,950,000
811 Glenoaks
Details
APN 2453 037 032
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,322
Units 13
NOI $146,890
Occupancy 85%
Tenancy Multi
Pro-Forma Cap Rate 4.00%
Pro-Forma NOI $159,124
Price per SqFt $321
Year Built 1956
Buildings 1
Stories 2
Acreage 0.180
Zoning AB 1482
Parking Spaces 12 spaces
Parking per 1,000 SqFt 0.97
Multifamily | 13 Units | $303,846/unit
Marketing description
Northmarq is pleased to present 811 Glenoaks, a very well maintained 13-unit apartment complex located in Burbank California. Built in 1956, current ownership has completed extensive capital improvements, including over $62,000 just completed on railing, stairs, deck, and interior improvements. $72,455 in seismic retrofit done in 2020 & 2021. All work was approved by Burbank DBS.
Investment highlights
- Northmarq is pleased to present 811 Glenoaks, a very well maintained 13-unit apartment complex located in Burbank California
- Built in 1956, current ownership has completed extensive capital improvements, including over $62,000 just completed on railing, stairs, deck, and interior improvements. $72,455 in seismic retrofit done in 2020 & 2021. All work was approved by Burbank DBS.
- $3,950,000 | $303,846 | $321
Listing Contacts
Listed by Northmarq Capital, LLC, NorthMarq - Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,890.00
$12,240.83/mo
Valuation Metrics
0
DSCR
3.72%
Cap Rate
3.72%
ROI
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