1612 W Alameda is a gorgeously updated fourplex in the Riverside Rancho Adjacent Neighborhood of Burbank. Four fully remodeled units sit upon a lot that has been carefully landscaped to look like a meditative retreat. Lush greenery, several built-in patio tables and countless fountains create a luxurious private getaway for tenants. The building consists of one spacious 2 bedroom, 1 bathroom “owner’s unit” and three large 1 bedroom, 1 bathroom units. Rents were recently raised to $1,650 for the 1 bedrooms and $2,100 for the 2 bedroom. The cap rate is now close to 5%! Other notable building features include: copper plumbing, three automated one car garages with an attached guest bathroom, fully updated kitchens and bathrooms and electrical that has been updated within the past 10 years. 1612 W Alameda is situated blocks from the amazing “Riverside Rancho District”. Important to note is the close proximity to Disney, The Burbank Studios and Warner Brothers. This area of Burbank in particular attracts a renter pool that is made up of high quality entertainment industry professionals– i.e. A+ tenants!