Residential Income Details
8 units townhouse style, built in 1987, 100% occupied, in excellent Burbank location near Burbank Empire Center, with over 9100 square feet of building. Unit mix consists of 2 (3 brm, 3.5 baths), 4 (2 brm, 2.5 baths), and 2 (1 brm, 1.5 baths). Beautiful gated building with pitched roof that provides spacious attic space for each unit, with semi-subterranean gated parking. Rents are low with good potential for upside in rents. The property has undergone hundreds of thousands of dollars worth of capital improvements over the past few years. Most units have been extensively remodeled with newer laminate flooring, recessed lighting, newer kitchen cabinets with granite counter tops and mosaic back splash tiles, & tile flooring, stainless steel stoves, crown and base moldings, with newer double panel doors & door knobs, new vanity and granite counter tops in bathrooms, newly painted inside units. All units have central heating & air conditioning with most units have been replaced with new units. All units have individualized water heaters. The entire building was newly painted in 2017 with new rain gutters. Burbank is highly desirable rental market and is known as the media capital of the world, which is home to Disney Studios, Warner Brothers, & NBC.
|Number of Units||8|
|Listing Brokerage||Keller Williams R.E. Services|
|Listing Agent||Armen Simonian|
|Listing Agent BRE #||00931297|
|Features||Granite Counters,Copper Plumbing Full|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 1, 2018.
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