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$4,675,000
Est. payment /mo
14 Beds
16 Baths
9,906 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,906 sqft
Price per Sqft $471
MLS Listing ID 26107770
Bedrooms 14
HOA Y/N No
Year Built 1961
Lot Size 10,110 Sqft
Property Description
Due to the fact that the property is subject only 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. The property features copper plumbing throughout most of the building, while the majority of units have been upgraded with new granite countertops, dual-pane windows, wood laminate flooring, and new AC units. The on-site laundry facilities are owned by the landlord, allowing for a more substantial supplemental revenue stream. Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. 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.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Fireplace No
Exterior
Parking Features Assigned
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2468005023
Special Listing Condition Standard
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Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019
Nearby School & Business
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