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Key Details
Sold Price $7,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21197947
Sold Date 02/24/22
Bedrooms 3
HOA Y/N No
Lot Size 0.785 Acres
Property Description
An incredible opportunity to own this beautiful asset in the City of Burbank, the "media capital of the world." This property offers 24 units offering 8- two bedrooms and 16 one bedrooms units with great rental upside. Located in close proximity to Walt Disney Studios, Warner Brothers Entertainment,Nicklelodeon Animation Studios, the Burbank Studios, Cartoon Network and Insomnia Games. The increasingly popular Burbank Airport is close by and services the Greater Los Angeles area, Glendale, Pasadena and San Fernando Valley areas. Because of these, couple with high quality public schools and regional transportation make these units a high rental demand as proven by the 4.8% increase in population between 2000-2016. Units like these are few and far in between, so don't miss out and submit your offers! Information are deemed reliable but not verified. Buyers &/or their agents are encouraged do to their own due diligence and investigation specially with all the numerical representations in this listing including but not limited to square footage, income and expenses. All information deemed to be reliable but not guaranteed or verified. Important - Please see remarks.
An incredible opportunity to own this beautiful asset in the City of Burbank, the "media capital of the world." This property offers 24 units offering 8- two bedrooms and 16 one bedrooms units with great rental upside. Located in close proximity to Walt Disney Studios, Warner Brothers Entertainment,Nicklelodeon Animation Studios, the Burbank Studios, Cartoon Network and Insomnia Games. The increasingly popular Burbank Airport is close by and services the Greater Los Angeles area, Glendale, Pasadena and San Fernando Valley areas. Because of these, couple with high quality public schools and regional transportation make these units a high rental demand as proven by the 4.8% increase in population between 2000-2016. Units like these are few and far in between, so don't miss out and submit your offers! Information are deemed reliable but not verified. Buyers &/or their agents are encouraged do to their own due diligence and investigation specially with all the numerical representations in this listing including but not limited to square footage, income and expenses. All information deemed to be reliable but not guaranteed or verified. Important - Please see remarks.
Location
State CA
County Los Angeles
Area Burbank (91502)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $10,885
Listing Terms Cash, Conventional
Financing Cash
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Bought with NON LISTED AGENT • San Diego