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Key Details
Sold Price $2,116,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,928 sqft
Price per Sqft $538
MLS Listing ID 21791568
Sold Date 12/23/21
Bedrooms 9
HOA Y/N No
Year Built 1949
Lot Size 8,241 Sqft
Acres 0.1892
Property Description
The property is walking distance to several retailers, including the new IKEA center, Trader Joes, Walgreens, and more along Victory Boulevard. Also found within a short drive are Burbank High School, Griffith Park, the Los Angeles Zoo, Costco, the Burbank Town Center, and Burbank Empire Shopping Center. With the large four-bedroom house possibly delivered vacant, a new owner may choose to live in that residence while using the income generated by the additional units to help offset mortgage payments. Half of the units have been completely remodeled, featuring new wood flooring, recessed lighting, new cabinets and countertops, stainless steel appliances, and upgraded bathrooms. On-site laundry facilities provide an additional revenue stream for the owner. The property offers nearly 4,000 square feet of living space spanning over 8,200 square feet of land. The lot contains a four-bedroom single family home, and three additional income- producing units at the rear of the parcel. Tenants enjoy living on a tranquil residential street, the buildings spacious floorplans, and their access to ample on-site parking. Since 260 W Linden Avenue qualifies for residential financing, either a savvy investor or an owner-occupier would have the opportunity to reap the benefits of todays historically low financing interest rates.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Cooling CentralAir
Fireplace No
Exterior
Garage Assigned
Parking Type Assigned
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5625011027
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap
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