1201 W Verdugo Avenue, Burbank, CA 91506 - MLS#SR24052054

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,775,000

Est. payment - /mo

2 Beds

1 Bath

8,304 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24052054

Bedrooms 2

HOA Y/N No

Lot Size 8,304 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

5-unit Apartment building with 4,337 living sq/ft located on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. Seller will not Carry. About 1 mile for access to the 5 fwy and the 101 fwy.
5-unit Apartment building with 4,337 living sq/ft located on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. Seller will not Carry. About 1 mile for access to the 5 fwy and the 101 fwy.

Location

State CA

County Los Angeles

Area Burbank (91506)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned

Roof Type Composition

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $71

Acceptable Financing Exchange

Space Rent $8,713

Listing Terms Exchange

Virtual Tour https://www.wellcomemat.com/video/5b2he3b3926a1m741/BBK/CA/91506/W-Verdugo/SR24052054/

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Listed by Richard Valdez • Valdez Realty

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1201 W Verdugo Avenue Burbank, CA 91506

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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