#24460053, Roderick 'Rick' Raymundo, Listing Office: Marcus & Millichap
#25479303·
Listing Office: Global Platinum Properties, Inc.·
Listing Agent: Julio Ruiz·
Listing Office Phone: 424-394-1030
2001 Peyton Ave Burbank, CA 91504
$5,995,000 List price
0 beds
20 baths
9,232 sqft
0.4 acres
$649 / sqft
House
Property details
About 2001 Peyton Ave
This is an excellent opportunity to invest in a rare non-rent-controlled 20-unit building (95% occupied) in the prime Burbank area, priced at only $299k per door for renovated units. The property boasts an incredible current 5.25% Cap Rate and 13.2 GRM with upside potential to reach a 5.7% cap rate and 12.4 GRM on proforma. Notably, there are Preliminary Plans for 8 Detached ADUs over the open parking lot in the back that offers exceptional future upside potential. 16 fully renovated units and 1 partially remodeled unit offer promising long-term value for any forward-thinking investor. Additionally, the large lot size of approximately 19,166 SF provides ample parking spaces, and there is potential for future upside by adding multiple ADUs (Accessory Dwelling Units). Non-LA-City rent-controlled asset allowing significant 8.9% annual rent increases (5%+CPI) for future upside. 16 units have been completely renovated with permits (1 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 is just minutes away from media giants such as Warner Bros Studios, Walt Disney studios, and Burbank Town Center Shopping Mall.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size9,232 sqft
Lot size0.44 Acres
Year built1960
ParkingAssigned, Uncovered
MLS #25479303
Summary
- MLS Number: 25479303
- MLS Name: CRMLS
- Office Name: Global Platinum Properties, Inc.
- Office Phone: (424) 394-1030
- Listing Agent: Julio Ruiz
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: 2/3/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,995,000
2001 Peyton Ave
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Price information
Property sales
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Tax history
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Nearby schools
8
George Washington Elementary
Public District KG-5
0.3 mi
•2322 N Lincoln St
7
Thomas Jefferson Elementary School
Public District KG-5
0.5 mi
•1900 N 6th St
6
Providencia Elementary
Public District KG-5
1.0 mi
•1919 N Ontario St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,706. Most Burbank, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
31%
<35k
43%
35k-100k
21%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
47%
Single, No Kids
12%
Single, with Kids
21%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
42%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Men's Tennis
Art Museums
Where do the neighbors shop?
Banana Republic
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
The Cheesecake Factory
Starbucks
What do the neighbors drive?
Toyota
Volvo
Audi
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2001 Peyton Ave
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: 0 bedroom, 20 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $5,995,000.
Burbank, CA housing market in January 2025 saw over 10 listings sold above listed price, more than 2 sold at listed price and over 13 sold below. The number of homes for sale in Burbank, CA decreased by 7.2% between December and January 2025. In January 2025, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,170,666.
From Rocket Homes Real Estate and based on county public records data.