420 W Elmwood Avenue, Burbank, CA 91506
- $3,525,000
- Sold Price
- $3,525,000
- List Price
- $3,578,000
- Closing Date
- Jul 31, 2024
- Status
- CLOSED
- MLS#
- P1-17542
- Year Built
- 1988
- Lot Size
- 6,670
- Acres
- 0.15
- Lot Location
- Sprinklers None
- Days on Market
- 54
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Not Applicable
Property Description
Presenting an exceptional investment opportunity, this distinguished 9 Unit building, built in 1988, features eight 2-bedroom, 2-bathroom flat units alongside a unique 1-bedroom, 1-bathroom townhouse-style loft unit. With a great Curb Appeal, separate Gas and Electric Meters, and copper plumbing, the 9,310 square feet building extends over 6,670 square feet of land. Each unit has been thoughtfully designed to offer spacious living quarters, enhanced by central air conditioning and heating systems, fireplace, and high ceilings. Notably, the front units also have balconies, Situated in a Prime rental district, the location ensures strong rental demand with close proximity to schools, shopping amenities, and iconic entertainment studios like Disney, Warner Bros, and Nickelodeon, unlocking a unique lifestyle proposition for potential tenants. *****SEE ATTACHED MARKETING BROCHURE*****
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Additional Information
- Pool Description
- None
- Fireplace Description
- See Remarks
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Garage Spaces Total
- 18
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $221,196
- Operating Expense
- 80811
Listing courtesy of Listing Agent: Melina Kalachian (melinakalachian@yahoo.com) from Listing Office: Keller Williams Realty.
Listing sold by Reza Ghobadi from Reza Ghobadi
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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.