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$19,800,000
Est. payment /mo
0.74 Acres Lot
UPDATED:
12/26/2024 08:16 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR24233145
HOA Y/N No
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
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Curbs
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Private Sewer
Water Private
New Construction No
Others
Senior Community Yes
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Levon Alexanian • Keller Williams World Media Center • info@alexanianadvisors.com