$7,500,000
1101 East Avenue, Burbank CA 91504
Multi-Family (10 Units)
Property type
34 days
On market
$483
Price per sqft
23 cars
Garage
2009
Year built
17,905 sqft
Lot size
Home highlights
Open Houses
Overview
“Villa Bonita Condominiums” are a pride of ownership, turnkey, two story over parking, 10-unit condominium building. Constructed in 2009 with a flat, rolled composition shingled roof, some pitched concrete tile shingles, and a concrete pier foundation. The “Villa Bonita Condominiums” are 10 individually parceled condominiums that are currently rented to individual tenants....
Listing provided by: KEVIN LUTZ DRE #00925595 626-204-3475, Keller Williams Realty/Pasadena, KEVIN HURLEY DRE #01237798 626-204-3456, Keller Williams Realty/Pasadena
Listing updated: May 14, 2026 at 01:43pm.
Last checked: Jun 13, 2026 at 10:31pm
Source: CRMLS #WS26102173
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 2 | 3 | — | $3,653 | $25,569 | $27,650 | Unfurnished |
| 3 | 3 | 3 | — | $4,500 | $13,500 | $13,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Carpet: 10
Dishwasher: 10
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $40,076
Financial Snapshot
Gross Rent Multiplier
15.6x
List Price / Annual Gross Rent
Cap Rate
4.07%
NOI / List Price
Gross Scheduled Income: $480,915
Vacancy Allowance: $14,427
Operating Expense: $161,569
Net Operating Income: $304,918
Annual Operating Expenses
Electric: $2,366
Gardener: $7,200
Insurance: $12,227
Maintenance: $24,046
New Taxes: $86,937
Professional Management: $0
Trash: $8,572
Water / Sewer: $7,441
Other Expense: $12,780
Interior
Flooring: Carpet, Laminate
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Tankless Water Heater
Fireplace: Gas
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 23
Parking Total: 23
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 2459030019
Additional Parcels: Yes
Tax Lot: 1
Community
HOA: Yes
Senior Community: No
Community Features: Curbs