1201 W Verdugo Avenue

Burbank, CA 91506

PRICE REDUCED

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-$50,000 (-2.50%)

$1,950,000

List Price

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bed Beds

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shower Baths

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1953

calendar_month Built

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.

Listing Information

List Price $1,950,000
Status Active
MLS SR24052054
Type Residential Income
Subtype Apartment
Year Built 1953
Lot Size 8,304
Structure Size N/A
DOM 265
Courtesy Of Valdez Realty
Listing Agent Richard Valdez DRE#01211013

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Vinyl, Wood
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Richard Valdez, Valdez Realty 818-522-2863. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 1:03 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.