Burbank, CA 91506,1701 W ALAMEDA AVE
$1,301,000
$1,150,000
13.1%
Est.Price: ?

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0.32 Acres Lot

1701 W ALAMEDA AVE Burbank, CA 91506

Est. payment /mo
SOLD DATE : 11/03/2015

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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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California Regional MLS (CRMLS)
Listed by Robyn Bolden • Keller Williams Studio City
Bought with Dana Coronado • Keller Williams Studio City

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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