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1701 W ALAMEDA AVE Burbank, CA 91506
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Key Details
Sold Price $1,301,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 15948835
Year Built 1940
Lot Size 0.320 Acres
Property Description
1701 West Alameda is a non-rent control multifamily property located in the Rancho District of Burbank. The asset consists of 5 units of 3,586 SF and is situated on a large 13,956 SF lot. The building features 1940 construction and is located on a beautiful corner lot close to the Alameda Avenue and Reese Place signalized intersection. Zoning is BUR4*. This fully occupied property consists of a unit mix of two 2 Bedroom + 1 Bathroom apartments and three 1 Bedroom + 1 Bathroom apartments. Each unit has its own path that leads to the entrance and the lush foliage gives this building great character. There is also a nice shared courtyard. The gross annual income is $64,398 and all of the tenants are on month-to-month leases. There is significant rental upside. The prime Burbank location and corner lot on Alameda Avenue make this property irreplaceable. Burbank is a highly desirable rental market and the property is 1/2 mile from the Walt Disney Studios & in close proximity to Warner Brot
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Cooling See Remarks
Laundry See Remarks
Exterior
Garage Spaces 5.0
Garage Description 5.0
Amenities Available Other
Building
Story 1
Others
Special Listing Condition Standard
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Bought with Dana Coronado • Keller Williams Studio City