$1,699,000
$1,775,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
221 N Myers ST Burbank, CA 91506
6,072 Sqft Lot
Key Details
Sold Price $1,699,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB23123157
Sold Date 10/06/23
HOA Y/N No
Year Built 1936
Lot Size 6,072 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing 221 N Myers St, Burbank, CA – offering four immaculate residential units consisting of two duplex buildings on one large lot. There are three 2-bedroom + 1-bath units and one 2-bedroom + 2-bath unit, totaling 8 bedrooms and 5 baths. Located in a prime Burbank location, this investment opportunity is in close proximity to Warner Bros, Disney, Universal Studios, St. Joseph Hospital, Downtown Burbank, Burbank Airport, and just 10 minutes from Hollywood.
The property's strategic position attracts residents and tenants seeking convenience and access to prominent studios, healthcare facilities, and entertainment centers. It is within walking distance of award-winning schools and renowned Burbank Parks and Recreation. With all four units fully occupied, this property presents a reliable income stream with appealing rental rates.
Each unit at 221 N Myers St is meticulously maintained and designed to accommodate various residential needs. The complex brings in a strong rental income with quality tenants. From comfortable living spaces to functional layouts, these units cater to a wide range of tenants, ensuring long-term occupancy and rental stability.
This turnkey property also features new roofs on both buildings, 2 carports, 2 locked garages, and a private patio and deck. Take advantage of its prime location and tremendous upside, including possible ADU expansion (check with the City of Burbank). Contact us today to seize this rare investment opportunity before it's too late.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Interior Features All Bedrooms Up, All Bedrooms Down
Heating Wall Furnace
Cooling Zoned
Flooring Laminate, See Remarks, Wood
Fireplace No
Laundry Inside, Outside, See Remarks
Exterior
Parking Features Covered, Driveway
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Street Lights, Valley, Park
Total Parking Spaces 5
Private Pool No
Building
Lot Description Level, Near Park
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2444005005
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Rina Agajanyan • Remax Optima