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Listed by Joyce Starleaf • Equity Union
$2,650,000
Est. payment /mo
3,875 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,875 sqft
Price per Sqft $683
MLS Listing ID CRBB25062782
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1941
Lot Size 10,603 Sqft
Property Sub-Type Other
Property Description
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 potential—possibility 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
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry In Garage, Other
Building
Lot Description Level, Other, Back Yard, Front Yard
Water Public
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