AOA Apartment Brokerage




707 E. Orange Grove Ave.,
Burbank, CA 91501
Property Description Location Investment Gallery Company Info
Listed by Greg Marderian
Real Estate Sales
(800) 827-4262
greg@aoausa.com
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Property Gallery
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Property Description
Property Summary Unit Amenities  
  • Various upgrades include granite counters, laminate or tile floors.
  • NO Rent Control!
  • Very large units
  • 5 Units
  • Rare “A” Burbank location.
  • Built 1972
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Property Location


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Property Investment
Summary Income & Expense
Pricing
Price
$1,345,000

Price/Unit
$269,000

Price SF
$227

Actual Cap Rate
4.91%

Actual GRM
13.91

Unit Mix & Rent Schedule
Unit Type Rent
A
B
C
D
E

2+1.5
2+1.5
2+1.5
2+1
2+1

$1,700
$1,500
$1,900
$1,400
$1,475

5   $7,975

Income
Scheduled Rent
Laundry
Less Vacancy
Effective Gross Income
$7,975
$80
$6,766
$96,660

Estimated Expenses   Per. Unit
Taxes
Insurance
Water
Electricity
Gas
Trash
Gardener
Lic. & Fees
Pest Control
$15,468
$2,578
$1,222
$380
$1.140
$960
$720
$38
$1,320

$3,093
$515
$244
$76
$228
$192
$144
$7
$264

  Per Unit $4,763
Net Operating Income:   $66,068
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Company Info
  • Proven marketing techniques/ multi-point marketing plan.
  • Attention to detail and close communication with clients.
  • Experienced in 1031 tax deferred exchanges.
  • FREE, no obligation property evaluations.
  • FREE educational seminars throughout the year.
  • Supported by one of the largest associations for apartment owners in the United States; the Apartment Owners Association of California, Inc.

For over 25 years, the Apartment Owners Association of California, Inc. (AOA) has provided California apartment owners with low cost, full service apartment owner resources. Founded in 1982 by Daniel C. Faller, AOA has become one of the largest apartment associations in the United States. AOA is proud to serve over 20,000 members.

AOA also publishes the monthly AOA Magazine which includes all featured listings offered by AOA Commercial Brokerage. It is the most widely circulated magazine in the nation reaching over 100,000 apartment owners and property management companies.
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