2611 W Wyoming Ave is a low-maintenance triplex in prime Burbank for an unheard of price of $950,000! This property boasts a better price per SF, price per unit, GRM AND cap rate than its Burbank comps! 2611 W Wyoming is made up of three one bedroom, one bathroom units- one of which was fully renovated in 2021 and quickly attracted a stellar tenant. The current cap rate is 4.12% and there is huge upside potential. We project a very conservative pro forma cap rate of 5.04%! These units are located in an incredibly walkable location off Burbank Blvd and Buena Vista. Only minutes on foot to the Chandler Bike Path, Magnolia Park, and an unlimited supply of cafes and restaurants such as The Ugly Mug, Café De Olla, Dino’s Pizza, and Coral Cafe. A few minute drive will take you to Costco, Downtown Burbank (and the Burbank Town Center), and the Empire Center, home of Target, TJ Maxx, Marshall’s, Walmart, and so much more. The property boasts other notable features including: one 2-car garage and one 1-car garage accessed from a convenient alley (possible ADU conversion), high, character wood-beamed ceilings that make the units appear extremely spacious, a newly coated roof as of 2020, a sewer line replaced in 2013, recently updated outside electrical, and
MLS #
CRBB22102366
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Oven - Gas, Oven Range - Gas, Refrigerator
Flooring
Laminate
Laundry
None
Pool
None
Garage/Parking
Assigned Spaces, Attached Garage, Garage, Garage: 3 Car(s)
HOA Fee
$0
Listing Agent
Elizabeth Maddox
The 2-4 Unit Specialists
License #: 01921425
Phone: –
Co-Listing Agent
Ian Maddox
The 2-4 Unit Specialists
License #: 02030205
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | 3 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 484 | – | 0/0 | – |
2611 W Wyoming Ave is a Triplex in Burbank, CA 91505. This – square foot property sits on a 2,676 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $920,000 and was built in 1955.
This address can also be written as 2611 W Wyoming Ave, Burbank, CA 91505.©2024 California Regional MLS. All rights reserved. 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. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of August 12, 2022. For the most current information, please contact Elizabeth Maddox