$850,000
$850,000
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4,756 Sqft Lot
SOLD DATE : 09/30/2016
Key Details
Sold Price $850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 316007138
Sold Date 09/30/16
HOA Y/N No
Year Built 1943
Lot Size 4,756 Sqft
Property Description
We are pleased to present a wonderful opportunity to own a beautiful, well-maintained, three unit building in the city of Burbank. Located in a high-demand area adjacent downtown Burbank, the property features three (3) one bedroom, one bathroom units, with large side yards, and enclosed garages for parking and personal storage. This triplex has been well-maintained and the front unit has been completely remodeled. The front unit has an in-unit laundry and central air conditioning, All units are individually metered for gas & electric. The building is centrally located near major dining and shopping areas, as well as downtown Burbank, with its numerous entertainment venues. This apartment also features excellent street visibility in a high-demand area, with easy access to the 5 Freeway. Burbank is an ideal city for income property ownership with strong rental demand and an excellent employment base. Burbank is a self incorporated city with its own fire, police, and water & power service and is home to the highly-praised Burbank Unified School District. The city of Burbank has no rent control. The owner has not increased rents for several years and there is significant upside rent potential.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
View Y/N No
Private Pool No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Tax ID 2438031002
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Sam Manoukian • Re/Max Optima
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "