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805 800-2855
Real Estate Company
3027 W Riverside Drive, Burbank, CA 91505
- $2,325,000
- List Price
- $2,325,000
- Status
- ACTIVE
- MLS#
- BB26236961
- Year Built
- 1941
- Lot Size
- 7,146
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre, Sprinkler System
- Days on Market
- 4
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
First time on the market in 35 years. Don't miss this excellent opportunity to acquire a well-located five-unit multifamily 5 unit apartment building in a highly desireable area of Burbank. There are (4) - 1 Bedroom units and (1) - 2 bedroom unit. There are (3) - 1 car garages and (1) - 2 car garage with Teal Ct access. This income producing building has approximately 4,363 square feet and sits on a 7,160 square foot corner lot. The property offers a desirable unit mix and on-site parking plus plenty of curbside parking. It provides a strong rental demand with stable income and potential upside. Perfect for investors seeking consistent cash flow. It is close to major studios, Minutes from Warner Bros, Disney, NBC Studios, and Downtown Burbank. Easy access to the 101, 134, and 5 Freeways. This property enjoys proximity to Burbank’s thriving media district and a wide range of retail and dining options. Burbank remains one of Southern California’s most desirable multifamily investment markets, supported by its strong employment base and limited housing supply.
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Additional Information
- Taxes
- $9,935
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Stucco
- Roof
- Composition
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $108,000
- Operating Expense
- 10061
Listing courtesy of Listing Agent: Darrell Belisle (darrell@sclrealtors.com) from Listing Office: So Cal Life Realtors Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.