22
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$5,298,000
Est. payment /mo
15,012 SqFt
Pending
536 E Cypress Avenue Burbank, CA 91501
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UPDATED:
12/10/2024 11:25 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 15,012 sqft
Price per Sqft $352
MLS Listing ID CL24440913
HOA Y/N No
Year Built 1986
Lot Size 9,890 Sqft
Acres 0.23
Property Description
First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment
Location
State CA
County Los Angeles
Area Listing
Zoning BUR4
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Community Facility, Laundry Room
Building
New Construction No
Others
Tax ID 2455038011
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Listed by Alexander Metaxas • Realty Investment Advisors, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289