$2,500,000
$2,775,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
7,620 Sqft Lot
SOLD DATE : 05/08/2023
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB22234092
Sold Date 05/08/23
Bedrooms 8
HOA Y/N No
Lot Size 7,620 Sqft
Property Description
Prime Location! Quality 8-unit building located in the heart of downtown Burbank. Pride of ownership in these well-maintained units that have been in the family for decades. Most units have some or all upgrades, 3 garage parking in front, and carports in the back. The wonderful courtyard allows some of the upstairs units to have balconies and patios with a view of the mountains. Walk to great shopping, restaurants, and Burbank Towncenter. Located 3 blocks from Burbank Police/Fire departments and Burbank Public library. Burbank is known to be the Media Capital and is home to Disney, Warner Bros, Nickelodeon, Netflix, and Burbank Studios, Close to Ikea, Hollywood/Burbank Airport, St. Joseph's Hospital, Hollywood Bowl, and DTLA. Burbank Amenities also include Debell Golf Course, Award-winning parks & recreation, LA Equestrian Center, and Starlight Bowl. The City of Burbank is an incorporated city with its own Police/Fire, Schools and is not under LA city rent control. All tenants are on month-to-month. Unit makeup consists of 2) 1br-1 bath, 5)2br -1 bath and 1) 3br-2 bath. The 3-bedroom unit is renovated and vacant and can be viewed with an appointment.
Prime Location! Quality 8-unit building located in the heart of downtown Burbank. Pride of ownership in these well-maintained units that have been in the family for decades. Most units have some or all upgrades, 3 garage parking in front, and carports in the back. The wonderful courtyard allows some of the upstairs units to have balconies and patios with a view of the mountains. Walk to great shopping, restaurants, and Burbank Towncenter. Located 3 blocks from Burbank Police/Fire departments and Burbank Public library. Burbank is known to be the Media Capital and is home to Disney, Warner Bros, Nickelodeon, Netflix, and Burbank Studios, Close to Ikea, Hollywood/Burbank Airport, St. Joseph's Hospital, Hollywood Bowl, and DTLA. Burbank Amenities also include Debell Golf Course, Award-winning parks & recreation, LA Equestrian Center, and Starlight Bowl. The City of Burbank is an incorporated city with its own Police/Fire, Schools and is not under LA city rent control. All tenants are on month-to-month. Unit makeup consists of 2) 1br-1 bath, 5)2br -1 bath and 1) 3br-2 bath. The 3-bedroom unit is renovated and vacant and can be viewed with an appointment.
Location
State CA
County Los Angeles
Area Burbank (91502)
Zoning Assessor
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Level or Stories 2 Story
Others
Monthly Total Fees $80
Space Rent $1,204
Financing Cash
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Bought with Edwin Ordubegian • Coldwell Banker Hallmark