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$ 1,875,000
Est. payment | /mo
1 Bed
2,930 SqFt
$ 1,875,000
Est. payment | /mo
1 Bed
2,930 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,930 sqft
Price per Sqft $639
MLS Listing ID CL26641367
Bedrooms 1
HOA Y/N No
Year Built 1941
Lot Size 8,333 Sqft
Acres 0.19
Property Sub-Type OTHER
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning BUR4*
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 2485029017
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Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
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Patrick Nagel
REALTOR® | Lic# 1760790