Constructed in 1987, the property consists entirely of two bedroom/two bathroom units. Situated north of Glenoaks Boulevard in the foothills of the Verdugo Mountains, the property allows tenants convenient access to Downtown Burbank and the Burbank Town Center shopping mall. Due to the fact that the property is subject only… Read More to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. An investor can enjoy additional income via the landlord-owned laundry facilities as well as pet rent collected from tenants. Dubbed the Media Capital of the World, the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Beds
48
Square Ft.
23,440
Lot Size
0.42 Acres
Year Built
1987
MLS Number
25618945
30 Days Snapshot Of 91501
$1.00M
0%
(avg) sold price
0
-100%
homes sold
35
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
23,440 sq ft, Built in 1987, Levels: Multi/Split
Cooling
None
Disclosures
As Is
Garage
Assigned
Heating
None
Lot
LotAcreage: 0.4174, LotSizeArea: 18,295
Parking
TotalParking: 48
Property
NumberOfUnits: 24, Zoning: BUR4*
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