Burbank, CA 91501,731 E Cypress AVE
Burbank, CA 91501,731 E Cypress AVE
Burbank, CA 91501,731 E Cypress AVE
Burbank, CA 91501,731 E Cypress AVE
Burbank, CA 91501,731 E Cypress AVE
Burbank, CA 91501,731 E Cypress AVE
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$2,395,000

$2,395,000

Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Cindy Hill • Keller Williams Encino-Sherman Oaks
Bought with Cindy Hill • Keller Williams Encino-Sherman Oaks
agent-avatar

+1(818) 645-0845

cyrene@cyreneproperties.com

15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA

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