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Key Details
Sold Price $5,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,340 sqft
Price per Sqft $483
MLS Listing ID SR21208895
Sold Date 12/07/21
HOA Y/N No
Year Built 1987
Lot Size 8,232 Sqft
Acres 0.189
Property Description
We are proud to represent this 10-unit apartment building in Burbank.
The building was constructed in 1987. Its unit mix consists of (2) one-bedroom, one-bathroom units, (6) two-bedroom, two-bathroom units, and (2) three-bedroom, two-bedroom units. All (5) upstairs units feature lofts and al (5) downstairs units feature patios. With a lot size of 8,232 square feet, the property has a total of 9,704 rentable square feet.
The property is located in 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.
The building is a Burbank trophy property maintained by the original owner-builder. The downstairs units feature patios and hardwood floors, and all tenants enjoy dishwashers, open floor plans, central a/c, mirrored closets, and washer and dryer hookups in units.
The property is separately metered for gas and electricity.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Rooms
Ensuite Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
Interior
Laundry Location Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,See Remarks
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
Exterior
Garage Spaces 18.0
Garage Description 18.0
Pool None
Community Features Suburban, Urban, Valley
Total Parking Spaces 18
Private Pool No
Building
Lot Description Lawn
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5621022014
Energy Description 204.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Ara Minassian • Maximus Properties
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