$2,395,000
$2,395,000
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7,174 Sqft Lot
SOLD DATE : 07/08/2021
Key Details
Sold Price $2,395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21106184
Sold Date 07/08/21
HOA Y/N No
Year Built 1990
Lot Size 7,174 Sqft
Property Description
We are proud to represent this 5unit apartment building in an excellent rental pocket in Burbank.
The building was constructed in 1990. Its unit mix consists of (2) twobedroom, twobathroom townhouses and (3) threebedroom, twobathroom townhouses style units. Tenants enjoy two car garages with washer dryer hookups. With a lot size of 7,156 square feet, the property has a total of 4,772 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.
The property is separately metered for gas and electricity
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Suburban, Urban, Valley
Total Parking Spaces 5
Private Pool No
Building
Lot Description Lawn
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2459001066
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 • Keller Williams Encino-Sherman Oaks
15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA