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Listed by Cindy Hill • Equity Union
$ 4,695,000
Est. payment | /mo
10,020 SqFt
$ 4,695,000
Est. payment | /mo
10,020 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,020 sqft
Price per Sqft $468
MLS Listing ID CRSR25244037
HOA Y/N No
Year Built 1989
Lot Size 7,064 Sqft
Property Sub-Type Other
Source Datashare California Regional
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. 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. The building has a new roof. 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
Interior
Fireplace No
Laundry Laundry Closet
Building
Lot Description Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745