$1,250,000
$1,250,000
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4 Beds
3 Baths
6,750 Sqft Lot
SOLD DATE : 04/29/2022
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB22034569
Sold Date 04/29/22
Bedrooms 4
HOA Y/N No
Lot Size 6,750 Sqft
Property Description
Great Area and Rare Opportunity for Investor or Possible Owner User. Highly Desirable Burbank Neighborhood, right near Chandler Bike Path, Smart & Final, HWB Car Wash, Coral Cafe, Magnolia Park Shopping, Disney and Warner Bros Studios, Hollywood Burbank Airport and Public Transportation. Very Nice Front Curb Appeal with Potential Add-On Value with Building two (2) more units in back (check with City of Burbank). Award Winning Burbank Schools. The front two (2) units both consists of a 1 bedroom / 1 bath and the back unit is a 2 bedroom / 1 bath, which this unit was updated about 10 years ago. All three (3) units have a street facing Front entrance along an additional side door on the front 2 units and a back door on the 3rd unit. They also have retain their Original Oak Hardwood Floors. Three (3) Detached Single Car Garages are in back, along with some additional parking. Very Stable longterm tenants (10-16 years) that are month to month and all 3 are paying considerably below market rents. Units do need some TLC, see reports in Supplement Section. This is a Drive By Only - DO NOT DISTURB TENANTS on the property, Inside Inspection will be arranged after Accepted Offer had been received. Please Read and Initial the Physical Inspection and Termite Report prior to submitting an offer.
Great Area and Rare Opportunity for Investor or Possible Owner User. Highly Desirable Burbank Neighborhood, right near Chandler Bike Path, Smart & Final, HWB Car Wash, Coral Cafe, Magnolia Park Shopping, Disney and Warner Bros Studios, Hollywood Burbank Airport and Public Transportation. Very Nice Front Curb Appeal with Potential Add-On Value with Building two (2) more units in back (check with City of Burbank). Award Winning Burbank Schools. The front two (2) units both consists of a 1 bedroom / 1 bath and the back unit is a 2 bedroom / 1 bath, which this unit was updated about 10 years ago. All three (3) units have a street facing Front entrance along an additional side door on the front 2 units and a back door on the 3rd unit. They also have retain their Original Oak Hardwood Floors. Three (3) Detached Single Car Garages are in back, along with some additional parking. Very Stable longterm tenants (10-16 years) that are month to month and all 3 are paying considerably below market rents. Units do need some TLC, see reports in Supplement Section. This is a Drive By Only - DO NOT DISTURB TENANTS on the property, Inside Inspection will be arranged after Accepted Offer had been received. Please Read and Initial the Physical Inspection and Termite Report prior to submitting an offer.
Location
State CA
County Los Angeles
Area Burbank (91505)
Zoning Public Rec
Interior
Cooling Wall/Window
Appliance Floor Furnace
Exterior
Exterior Feature Stucco
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,065
Listing Terms Cash, Conventional
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Bought with NON LISTED AGENT • San Diego