18
See all 18 photos
$1,725,000
Est. payment /mo
2 Beds
1 Bath
Price Dropped by $50K
1201 W Verdugo Avenue Burbank, CA 91506
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24052054
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
5-unit Apartment building with 4,337 living sq/ft located on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. Seller will not Carry. About 1 mile for access to the 5 fwy and the 101 fwy.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of W. Olive Ave and East of N Buana Vista Blvd
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 2446030007
Virtual Tour https://www.wellcomemat.com/video/5b2he3b3926a1m741/BBK/CA/91506/W-Verdugo/SR24052054/
Listed by Richard Valdez Valdez Realty