1219 W Burbank Blvd. Boulevard,  Burbank CA, 91506 (Residential Income)

1,726 sqft
Status: Sold
MLS#: 316007138
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Last Updated: 12/4/2016 1:53 AM
Description for 1219 W Burbank Blvd. Boulevard Burbank, CA 91506
We are pleased to present a wonderful opportunity to own a beautiful, well-maintained, three unit building in the city of Burbank. Located in a high-demand area adjacent downtown Burbank, the property features three (3) one bedroom, one bathroom units, with large side yards, and enclosed garages for parking and personal storage. This triplex has been well-maintained and the front unit has been completely remodeled. The front unit has an in-unit laundry and central air conditioning, All units are individually metered for gas & electric. The building is centrally located near major dining and shopping areas, as well as downtown Burbank, with its numerous entertainment venues. This apartment also features excellent street visibility in a high-demand area, with easy access to the 5 Freeway. Burbank is an ideal city for income property ownership with strong rental demand and an excellent employment base. Burbank is a self incorporated city with its own fire, police, and water & power service and is home to the highly-praised Burbank Unified School District. The city of Burbank has no rent control. The owner has not increased rents for several years and there is significant upside rent potential.
Price
Sold Price:
$850,000
Sold Date:09/30/2016
Los Angeles
1,726 (approx)
316007138
Closed
Description
We are pleased to present a wonderful opportunity to own a beautiful, well-maintained, three unit building in the city of Burbank. Located in a high-demand area adjacent downtown Burbank, the property features three (3) one bedroom, one bathroom units, with large side yards, and enclosed garages for parking and personal storage. This triplex has been well-maintained and the front unit has been completely remodeled. The front unit has an in-unit laundry and central air conditioning, All units are individually metered for gas & electric. The building is centrally located near major dining and shopping areas, as well as downtown Burbank, with its numerous entertainment venues. This apartment also features excellent street visibility in a high-demand area, with easy access to the 5 Freeway. Burbank is an ideal city for income property ownership with strong rental demand and an excellent employment base. Burbank is a self incorporated city with its own fire, police, and water & power service and is home to the highly-praised Burbank Unified School District. The city of Burbank has no rent control. The owner has not increased rents for several years and there is significant upside rent potential.
Listing Information
Property Type: Cluster, Other
0.1 Acres 475,500 sq.ft. 1,726 (approx)
$492.47 1943
$0 Yes- 3 spaces
3 Total
Neighborhood
Room Information
Interior Features
Hardwood Laminate
Exterior / Lot Features
3 Garage Spaces, 3 Parking Spaces, Garage
BUR4*
Driving Directions
Located on Burbank Blvd. between Griffith Park Drive and Mariposa Street
Financial Considerations
2438031002
,$11,517
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91506 has a population of 109,209.

The median household income in Burbank, California 91506 is $63,627. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Burbank 91506 is 37.5 years.

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Courtesy: American Realty Centre Inc. Dalida Maserejian
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