Residential Income Details
Pride of ownership, Excellent location. First time on the market since 1977. NO RENT CONTROL - It presents a huge immediate rent upside for investors. Close to ABC, NBC, Disney Studio, City Hall, Burbank Library, St. Joseph Hospital and Burbank Airport. Close to 5 fwy and 134 fwy. The 5 units sits on 16,747 sq ft flat corner lot on Clark Ave and Frederic Street in the highly sought after prime area of Burbank. 4 units are 2 bedroom 1 bath and 1 unit is 2 bedroom and 2 bath (all single level). 2 buildings are duplex and one free standing building. High demand for rentals. Tenant pays for gas and electricity. It offers a rare opportunity for developers to build multi-rental units or condominiums. The rents for the new construction can be much higher than the pro forma rent.
|Number of Units||5|
|Listing Brokerage||The Realestate Group|
|Listing Agent||Connie Paik|
|Listing Agent BRE #||01290972|
|Co-Listing Agent||David Paik|
|Co-Listing Agent BRE #||01950557|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 14, 2018.
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