Thank you
Amy Weber
Beverly and Company, Inc.
818-382-4160
Welcome to your dream investment opportunity in Burbank! Located in a beautiful Rancho Adjacent neighborhood and within the highly rated Burbank Unified School District, this charming 8-unit apartment building is the epitome of comfort and convenience. Each unit boasts its own designated parking spot, ensuring hassle-free parking for all residents. The building features full copper plumbing and energy-efficient dual-pane windows, providing both durability and insulation. As you step onto the freshly paved asphalt driveway, you'll immediately notice the attention to detail and care put into this property. The doors on each unit have been recently updated and the newly applied stucco and fresh paint offer delightful curb appeal, while the new fascia and gutters enhance the overall aesthetic. Rest assured, the updates extend beyond the surface - the electrical system has been updated to meet modern standards. For added convenience, a community laundry facility is at the disposal of all residents, making laundry day a breeze. The front unit is a single family home comprising two bedrooms and one bathroom as well as its own water heater and laundry room. The 7-units in the back have a new commercial water heater and each unit has designated storage. Don't miss this incredible opportunity to invest in a well-maintained apartment building in the heart of Burbank, providing a comfortable and convenient living experience for tenants and passive income for you. Do not disturb tenants. Drive by Only. Inspection only with an accepted offer.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Property Appliances: Gas Cooktop,Gas Range
Fireplace: None
Wall/Window Unit(s)
Air Conditioning
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1962
Construction: Stucco,Copper Plumbing
None
Common Area
Block,Good Condition,Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2159
Lot Size Source: Public Records
Lot Size Square Feet: 9405
Original List Price: 3,000,000
Listing Contract Date: 2023-09-07
Listing Agreement: Exclusive Right To Sell
Garage Description: Carport
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: 610 - Burbank
Postal Code Plus 4: 2308
Directions: From S Lake Street, turn Left on W Tujunga Avenue
Zoning: BUR4
Source Property Type: Residential Income
Area: 610 - Burbank
Property SubType: Apartment
Property Age: 62
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Public Records
Property Attached: Yes
Levels or Stories: One,Two
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
231 W Cedar Avenue, Burbank, CA,91502 | $899,000 | 2 | 2 | 1,007 | 4789 Sqft |
271 W Ash Avenue, Burbank, CA,91502 | $2,000,000 | 6 | -- | 2,824 | 6946 Sqft |
231 E Burbank Boulevard, Burbank, CA,91502 | $5,150,000 | -- | -- | 10,596 | 8315 Sqft |
201 E Angeleno Avenue #.., Burbank, CA,91502 | $725,000 | 1 | 2 | 1,450 | 45870 Sqft |
521 S Lake Street #C, Burbank, CA,91502 | $1,600,000 | 3 | -- | 1,725 | 6572 Sqft |
240 E Providencia Avenue, Burbank, CA,91502 | $6,700,000 | -- | -- | 9,841 | 17821 Sqft |
252 W Tujunga Avenue, Burbank, CA,91502 | $1,600,000 | 6 | 4 | 1,912 | 7752 Sqft |
1015 E Spazier Avenue #.., Burbank, CA,91502 | $639,000 | 2 | 2 | 920 | 8392 Sqft |
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ByOwner last updated this listing 05/20/2024 @ 15:06
MLS: P1-17463
LISTED BY: Amy Weber, Beverly and Company, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.