Huge 500k Price Reduction! This is an excellent opportunity to invest in a rare non-rent controlled 20-unit building (85% occupied) in the prime Burbank area, priced at only $273k per door for renovated units. The property boasts an incredible current 6% Cap Rate and 12.1 GRM with upside potential to reach a 6.5% cap rate and 11.3 GRM on proforma. 16 fully renovated units with permits and 2 partially remodeled units offer promising long-term value for any forward-thinking investor. Additionally, the large lot size of approximately 19,166 SF provides ample parking spaces as well as potential for future upside by adding multiple ADUs (Accessory Dwelling Units). Non-LA-City rent-controlled asset allowing significant 8.8% annual rent increases (5%+CPI) for future upside. 16 units have been completely renovated with permits (3 vacant) and boast a high-end aesthetic with new cabinets, flooring, modern lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. Amenities include a renovated courtyard with seating areas and a fire pit, on-site laundry facilities, and parking for convenience. Prime Burbank location just minutes away from media giants such as Warner Bros Studios, Walt Disney Studios, and Burbank Town Center Shopping Mall.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 9,232 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Interior Information:
Appliances: Refrigerator
Flooring Type: Laminate
Exterior Features
Parking Information:
Parking: Assigned, Uncovered
Lot Features
Lot Information:
Lot Size: 0.44 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Burbank High School, Public District Grades 9-12
Luther Burbank Middle School, Public District Grades 6-8
George Washington Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: From Glenoaks Blvd., turn south onto Grisimer Ave., then turn West (Right) onto Peyton Ave. The subject property will be on the right (mid-block).
Price Information
Listing Price Info
Price Summary:
List Price: $5,475,000
Price Per SqFt: $593/SqFt
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Housing Market Comparison
See how this home compares to others in Burbank, CA.
This property is $4.3M more than the Median Sold Price and $146/SqFt less than other homes in Burbank, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24365833
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 1:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
George Washington Elementary School
2322 N Lincoln St
Distance between this listing and this school0.32 miles
Public District Grades KG-5
Middle School
6
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school1.80 miles
Public District Grades 6-8
High School
7
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school1.07 miles
Public District Grades 9-12
Assigned Schools
8
/10
George Washington Elementary School
2322 N Lincoln St
Distance between this listing and this school0.32 miles
Public District Grades KG-5
Nearby Schools
8
/10
Thomas Jefferson Elementary School
1900 N 6th St
Distance between this listing and this school0.53 miles
Public District Grades KG-5
7
/10
Providencia Elementary School
1919 N Ontario St
Distance between this listing and this school1.05 miles
Public District Grades KG-5
Assigned Schools
6
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school1.80 miles
Public District Grades 6-8
Nearby Schools
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school0.99 miles
Public District Grades 6-8
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school2.29 miles
Public District Grades 6-8
Assigned Schools
7
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school1.07 miles
Public District Grades 9-12
Nearby Schools
7
/10
Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.84 miles
Public District Grades 9-12
1
/10
East Valley Senior High School
5525 Vineland Ave
Distance between this listing and this school2.98 miles
The neighbors living near this home have an average income of $50,706. Residents of Burbank, CA typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2001 Peyton Ave
What is the listing price of this property?
The listing price of 2001 Peyton Ave property is $5,475,000.
What type of property is this?
The property 2001 Peyton Ave is a house located in Burbank, California, 91504.
Is this property for sale now?
Active Listing: 2001 Peyton Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2001 Peyton Ave are: George Washington Elementary School: GreatSchools Rating 8/10Luther Burbank Middle School: GreatSchools Rating 6/10Burbank High School: GreatSchools Rating 7/10
How many bedrooms and bathrooms does this property have?
The property at 2001 Peyton Ave has 20 bathrooms..
What is the square footage of this property?
The property 2001 Peyton Ave is 9,232 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2001 Peyton Ave is 1960.
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This home is located at 2001 Peyton Ave in Burbank, CA and zip code 91504 in the The Verdugos neighborhood. This 9,232 square foot home, which was built in 1960, sits on a 0.44 acre lot. Features: 20 bathrooms. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $5,475,000.
In March 2024 more than 31 listings in Burbank, CA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below. The inventory of homes for sale in Burbank, CA between February 2024 and March 2024 increased by 3.2%. In March 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $1,114,833.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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