1201 W Verdugo AVE Active Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91506
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,337 sqft
Price per Sqft $449
MLS Listing ID SR24052054
HOA Y/N No
Year Built 1953
Lot Size 8,302 Sqft
Acres 0.1906
Property Description
5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl,Wood
Fireplaces Type None
Appliance Disposal
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View None
Roof Type Composition
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Confidential INFO
TERMS 1031 Exchange
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
PRIVATE REMARKS Rents are significantly below market value. Gardening break down is $2400 a year, plus $1500 about every two years for tree trimming. The main line is copper and the plumbing within the building is galvanized.
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS Write offer subject to inspection