Property · 2 recorded sales since 2019
Listing Agent: Cindy Hill (DRE #00885625) · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Cindy Hill · Equity Union · MLS #SR22016693 · Source: CRMLS
We are proud to represent this 9 unit apartment building in an excellent rental pocket in Burbank. The building was constructed in 1900. Its unit mix consists of (3) one-bedroom, one-bathroom units, (2) two-bedroom, one-bathroom units, (2) two-bedroom, two-bathroom units, (1) three-bedroom, two-and-a-half bathroom unit, and (1) three-bedroom, three-bathroom unit. With a lot size of 6,523 square feet, the property has a total of 8,752 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.
Listing description from the June 2022 sale, as reported to CRMLS.