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$ 19,800,000
Est. payment | /mo
0.74 Acres Lot
$ 19,800,000
Est. payment | /mo
0.74 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR24233145
Originating Board California Regional MLS
Year Built 1990
Lot Size 0.740 Acres
Property Description
Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water Private
Others
Special Listing Condition Not Applicable
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Listed by Levon Alexanian • Keller Williams World Media Center
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037