130 S Cordova Street,  Burbank CA, 91505 (Residential Income)

2,976 sqft
Status: Sold
MLS#: SR16719436
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Last Updated: 12/6/2016 2:59 AM
Description for 130 S Cordova Street Burbank, CA 91505
KW Commercial is proud to represent the pride of ownership five unit non rent control apartment building located in the heart of the media district in Burbank that is within walking distance to Warner Brothers. Properties in this location rarely become available. The building is a total of 2,976 square feet and is situated on a large 8,025 square foot lot. The units include (3) one bedroom one bath units and (2) studio units and was built in 1963. The rents are substantially below market and Burbank is not subject to rent control. The property has a nice courtyard feel and the back units have large backyards. Each tenant has their own garage and parking in front of the garage. The city of Burbank is a highly desirable rental market and is know as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 134 freeway, and close proximity tot he Burbank Metro link. The property is separately metered for electricity.
Price
Sold Price:
$1,322,000
Sold Date:11/30/2016
Los Angeles
2,976 (approx)
SR16719436
Closed
Description
KW Commercial is proud to represent the pride of ownership five unit non rent control apartment building located in the heart of the media district in Burbank that is within walking distance to Warner Brothers. Properties in this location rarely become available. The building is a total of 2,976 square feet and is situated on a large 8,025 square foot lot. The units include (3) one bedroom one bath units and (2) studio units and was built in 1963. The rents are substantially below market and Burbank is not subject to rent control. The property has a nice courtyard feel and the back units have large backyards. Each tenant has their own garage and parking in front of the garage. The city of Burbank is a highly desirable rental market and is know as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 134 freeway, and close proximity tot he Burbank Metro link. The property is separately metered for electricity.
Listing Information
Property Type: Cluster, 1 Story
0.18 Acres 802,500 sq.ft. 2,976 (approx)
$444.22 1946
Yes- 5 spaces 1
5 Total
Neighborhood
Room Information
Interior Features
Floor Furnace
Exterior / Lot Features
5 Garage Spaces, 5 Parking Spaces
None
No Pool
BUR4*
Driving Directions
South of Riverside Drive
Financial Considerations
2485024028
$58,128 Income ,$23,872Expense
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91505 has a population of 109,209.

The median household income in Burbank, California 91505 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 91505 is 37.5 years.

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Courtesy: Keller Williams Realty - Studi Cindy Hill
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