Description
We are marketing this 7 unit multi-residential investment opportunity located in the highly desirable City of Burbank. The subject property was built in 1962 and located in the City of Burbank, a submarket of Los Angeles, in the San Fernando Valley, adjacent to the City of Glendale. The units are separately metered for gas and electricity and has on-site laundry services that are a revenue generator. Burbank is not subject to rent control and has on-site parking. The average size for a Burbank, Los Angeles County, CA apartment is 799 square feet, with an average rental rate of $2341 per month, an 8% YOY increase!The property boasts a mix of five 3 bedroom, 2 bathroom units and two 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Burbanks world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 7485 square foot lot with a total rentable square footage of 8202. Tenants are able to walk, bike & hike to local numerous eateries, cafs & parks. 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.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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8,202SQFT
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$0$/SQFT
School Ratings & Info
Description
We are marketing this 7 unit multi-residential investment opportunity located in the highly desirable City of Burbank. The subject property was built in 1962 and located in the City of Burbank, a submarket of Los Angeles, in the San Fernando Valley, adjacent to the City of Glendale. The units are separately metered for gas and electricity and has on-site laundry services that are a revenue generator. Burbank is not subject to rent control and has on-site parking. The average size for a Burbank, Los Angeles County, CA apartment is 799 square feet, with an average rental rate of $2341 per month, an 8% YOY increase!The property boasts a mix of five 3 bedroom, 2 bathroom units and two 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Burbanks world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 7485 square foot lot with a total rentable square footage of 8202. Tenants are able to walk, bike & hike to local numerous eateries, cafs & parks. 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.
Based on information from CRISNet MLS as of 2021-04-18T09:56:06.33. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2021-04-18T09:56:06.33. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.