$4,995,000
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6,520 Sqft Lot
SOLD DATE : 06/16/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22016693
Sold Date 06/16/22
HOA Y/N No
Year Built 1990
Lot Size 6,520 Sqft
Property Description
We are proud to represent this 9 unit apartment building in an excellent rental pocket in Burbank.
The building was constructed in 1900. Its unit mix consists of (3) one-bedroom, one-bathroom units, (2) two-bedroom, one-bathroom units, (2) two-bedroom, two-bathroom units, (1) three-bedroom, two-and-a-half bathroom unit, and (1) three-bedroom, three-bathroom unit. With a lot size of 6,523 square feet, the property has a total of 8,752 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media
capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80
restaurants, 30 movie screens,and 200 stores; its residents enjoy top ranked schools, easy access to the 5
and 134 freeways, and close proximity to the Burbank Metro Link.
An astute investor will enjoy the turn key asset, excellent unit mix, award winning schools, and
improving area as rents increase over time.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Suburban, Urban, Valley
Total Parking Spaces 9
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2480018024
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Cindy Hill • Equity Union