CA > Burbank
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
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$2,599,000
Est. payment /mo
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4 Beds
4 Baths
Active

1700 Grismer Avenue Burbank, CA 91504

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25062782

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

Just reduced! Owner will carry the 1st trust deed with 40% down for 4 years. First year to be 5%, second year to be 6%, third year to be 7% and the fourth year to be 8%. Perfect opportunity to obtain this investment and have lower interest rates for the first years to make improvements or additions. This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potentialpossibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset. Parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. A coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants. Notably, the last two units were or

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of San Fernando Rd. South of Glenoaks

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Tax ID 2468007030

MLS Router / San Diego MLS
Listed by Joyce Starleaf Equity Union

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1700 Grismer Avenue

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