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.
Property Details
Price:
$1,850,000
MLS #:
SR24052054
Status:
Active
Baths:
0
Address:
1201 W Verdugo Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Mar 14, 2024
State:
CA
ZIP:
91506
Lot Size:
8,304 sqft / 0.19 acres (approx)
Year Built:
1953
See this Listing
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Schools
Interior
Appliances
Disposal
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Vinyl, Wood
Heating
Wall Furnace
Exterior
Community Features
Sidewalks
Electric
Standard
Foundation Details
Slab
Garage Spaces
5.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned
Parking Spots
7.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1201 W Verdugo Avenue Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91506
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1201 W Verdugo Avenue
Burbank, CA
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