Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$1,875,000
Given its prime location in the heart of the Burbank Media Center, directly between Warner Bros Studios and Walt Disney Studios, the property grants its tenants convenient access to several major media employers. Because the property is subject only to Burbank's local rent ordinance, an investor can benefit from higher… Read More allowable rent increases and more favorable landlord privileges when compared with similar properties in Los Angeles. Each of the units contains its own in-unit washer/dryer and has its own parking garage, with these amenities helping to attract higher-paying tenants. The roof was recently replaced and the plumbing has been upgraded with copper pipes. A new owner may potentially add significant value by constructing new ADUs on the property as well, given its existing parking garages and additional open parking area (Buyer to verify). In addition to the numerous studios within Burbank, including Walt Disney Imagineering, Nickelodeon Studios, Dreamworks Animation, and Cartoon Network, the property allows tenants comfortable commutes to several employers within nearby Studio City, Glendale, and Hollywood. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
4
Square Ft.
2,930
Lot Size
0.19 Acres
Year Built
1941
MLS Number
26641367
Additional Details
Building
Built in 1941, Living area: 2930.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $110,280, Net Operating Income: $76,095
Lot
0.1913 acres
Parking
6 total parking spaces, Assigned
Taxes
Parcel Number: 2485029017, Zoning: BUR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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