$1,520,000
$1,600,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2660 N Frederic ST Burbank, CA 91504
5,871 Sqft Lot
Key Details
Sold Price $1,520,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23020786
Sold Date 09/08/23
HOA Y/N No
Year Built 1952
Lot Size 5,871 Sqft
Property Sub-Type Apartment
Property Description
We are proud to exclusively present the opportunity to acquire this 5-unit apartment investment property, located at 2660 N Frederic St in the city of Burbank. The building was constructed in 1952. The total building rentable space is 3480 sq ft. The unit mix consists of (1) two-bedroom one-bath unit and (4) one-bedroom one-bath units. On a lot size of 5,871 sq ft (0.1348 acres) in BUR4* zone. The units are separately metered for gas and electricity, individual hot water heaters in each unit. The property has 5 parking spaces with assigned individual enclosed single-car garage. The facility offers a community laundry room.
Great Value-add opportunity for an operator/owner user or an excellent investment opportunity with an upside in rents. In a prime location of Burbank, near the Burbank Hills by Woodbury University, and within walking distance to the Empire Center, shops, and dining. The property is in close proximity to several major employers like, the Walt Disney Studios, Warner Brothers, Nickelodeon, and the Burbank Studios. As well as a short drive to, IKEA, TESLA, Home Depot, and the Hollywood Burbank Airport.
DRIVE BY ONLY! PLEASE DO NOT WALK THE PROPERTY, DO NOT DISTURB RESIDENTS
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage Faces Rear
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Total Parking Spaces 5
Private Pool No
Building
Lot Description Cul-De-Sac, Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2473021018
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard, Trust
Lease Land No
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Bought with Razmik Tatos • Realty Executives Power Group