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$ 1,699,000
Est. payment | /mo
7 Beds
4 Baths
5,675 Sqft Lot
$ 1,699,000
Est. payment | /mo
7 Beds
4 Baths
5,675 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26146021
Bedrooms 7
Lot Size 5,675 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Well-maintained 5-unit multifamily investment opportunity in a desirable Burbank rental corridor offering strong in-place income, attractive unit mix, and future upside potential. The property features a highly desirable mix of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio, providing broad tenant appeal and consistent occupancy. Current ownership has completed significant capital improvements, including a soft-story seismic retrofit and reroofing of the building, helping reduce future capital expenditure concerns for the next owner. Several units have also been substantially renovated during current ownership. Additional features include individually metered gas and electric, one assigned parking space per unit, on-site laundry facilities, and a manageable five-unit footprint ideal for both private investors and 1031 exchange buyers. Conveniently located near major employment centers, transportation corridors, shopping, dining, and entertainment, this is an opportunity to acquire a stabilized Southern California asset with dependable cash flow and meaningful long-term rental upside in one of the region's most sought-after rental markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Verdugo, East of Hollywood Blvd
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2480018029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Mary Baldry, DRE#01927691 Century 21 Village Realty
Nearby Locations
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1420 Kettner Blvd suite 100, San Diego, California, 92101, USA