2250 N Fairview Street, Burbank, CA 91504
- $3,195,000
- List Price
- $3,195,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- GD26122325
- Year Built
- 1990
- Lot Size
- 6,744
- Acres
- 0.15
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 55
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
Property Description
Prime Burbank Multifamily Investment Opportunity! Located in one of Burbank's most desirable residential neighborhoods, this well maintained 9 unit apartment building offers approximately 5,584 square feet of living space and an attractive, diverse unit mix designed to appeal to a broad tenant base. The property consists of one studio unit, three 1 bedroom 1 bath units, four 2 bedroom 2 bath units, and one spacious 3 bedroom 2 bath unit, providing excellent rental stability and income potential. Constructed with a newer building design, the property features an attractive exterior, clean architectural lines, wide common access walkways, and a desirable layout. Many units offer bright and functional floor plans, spacious living areas, well appointed kitchens, generous bedrooms, and ample storage. Residents enjoy the convenience of 14 community parking spaces, a highly valuable amenity in today's rental market. Ideally situated near major employment centers, shopping, dining, entertainment, parks, and transportation options, this investment benefits from Burbank's strong rental demand and desirable community atmosphere. Whether you are seeking a stable income producing asset or a long term value add opportunity, this exceptional multifamily property offers the perfect combination of location, unit mix, parking, and investment potential.
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Additional Information
- Appliances
- Dishwasher, Gas Cooktop, Gas Oven
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Open Floorplan, Tile Counters
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $246,168
- Operating Expense
- 54452
Listing courtesy of Listing Agent: Raffi Soualian (raffi@jhhre.com) from Listing Office: JohnHart Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.