115 N Myers Street, Burbank, CA 91506

Property Description

Major Price Reduction! The Shindler Group is pleased to present 115 N Myers St, a 7-unit apartment building located in Burbank, CA. Built in 1955, this property consists of three (3) 1 Bedroom+1 Bathroom units, (1) 2 Bedroom + 2 Bathroom units, (2) 2 Bedroom + 1 Bathroom units, and (1) 3 Bedroom + 2 Bathroom unit. The building is 6,680 gross square feet and sits on a 10,336 square foot lot that is Burbank R3 zoned. On the market for the first time in 45+ years, the family has meticulously cared for this property over the years. At first sight you'll notice the lush landscaping and new windows, giving the property unique curb appeal typically not seen in vintage builds. Situated on a clean and quiet residential street, tenants enjoy convenient access to major employers including Walt Disney Studios and Warner Brothers Studios. This prime location offers tenants immediate access to the 134 Freeway, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 115 N Myers St, presents a compelling value-add opportunity for investors. Priced attractively at $335,000 per unit and $351 per square foot, this property is poised to deliver excellent returns.