2813 Victory Blvd Burbank, CA 91505

2813 W. Victory Blvd is a non rent-controlled 6-unit apartment complex conveniently located in the heart of Burbank, California. Despite a long history of stable cashflow, the property has been owned by the same owner for over 25 years and may benefit from a more streamlined management approach; yielding much better efficiencies and higher market rents. The asset boasts 100% occupancy at current rates, however, five of the six units will be vacated by close of escrow, providing a potentially immediate opportunity for significant rental upside. Though unrealized under its current ownership, the asset holds immense capacity to gain from the strong local economy as Burbank has emerged as a regional leader in technology, media and entertainment. Nonetheless, buyer shall perform its own due diligence.