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Additional details
$ 2,850,000
Est. payment | /mo
10 Beds
10 Baths
6,001 SqFt
$ 2,850,000
Est. payment | /mo
10 Beds
10 Baths
6,001 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,001 sqft
Price per Sqft $474
MLS Listing ID 226004603
Bedrooms 10
Full Baths 10
HOA Y/N No
Year Built 1957
Lot Size 8,982 Sqft
Property Description
Excellent investment opportunity in a highly desirable Burbank location just south of Glenoaks Blvd. This 8 unit, 6001 sq ft building sits on an 8978 sq ft lot with 2 -two bedroom/1 bathroom units and 6- one bedroom/1 bathroom units. All units have been recently renovated with wood flooring, upgraded bathrooms, and stainless steel appliances. This building offers a compelling opportunity for investors seeking a multifamily asset in one of San Fernando Valley's strongest rental markets. This property is convenient to shopping, dining, entertainment, major studios, etc. Ideally located near the heart of Burbank, where residents enjoy a walkable neighborhood with everyday conveniences just minutes away. This is ideal for an investor looking for stable income with potential for long term appreciation. The annual gross rental income is $202,284, with a robust cap rate at 5.4%and a GRM of 14.09 Price per unit is $356,250, $475 per sq ft.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 8.0
Garage Description 8.0
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2453029008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Renee Wilkins-Virella Keller Williams Westlake Village #02188375
NEARBY SCHOOL & BUSINESS