$4,200,000
$4,200,000
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7,065 Sqft Lot
SOLD DATE : 09/03/2021
Key Details
Sold Price $4,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21192889
Sold Date 09/03/21
HOA Y/N No
Year Built 1989
Lot Size 7,065 Sqft
Property Description
We are proud to represent this 8 unit apartment building in an excellent Burbank rental pocket.
The building was constructed in 1989. Its unit mix consists of (8) 2-bedroom, 2.5-bathroom units, (4) of which are loft units. With a lot size of 7,064 square feet, the property has a total of 10,020 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.
The building is a Burbank trophy property, maintained by the original builder-owner. Tenants enjoy mountain views, open floor plans, separate entrances, and storage rooms; units also feature fireplaces, washer and dryer hook ups, central air and heating, and outdoor patios and balconies.
An astute investor will enjoy the turnkey 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
Appliance Dryer, Washer
Exterior
Garage Spaces 17.0
Garage Description 17.0
Pool None
Community Features Suburban, Urban, Valley
Total Parking Spaces 17
Private Pool No
Building
Sewer PublicSewer
Water Public
Architectural Style PatioHome
New Construction No
Others
Senior Community No
Tax ID 2455010024
Energy Description 2076.0
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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