1700 Grismer Avenue

Burbank, CA 91504

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,875 Sqft
  • 10603
    Sqft(Lot)
$2,700,000

Description

This is an incredible value-add opportunity situated in a highly desirable area of burbank. boasting a generous 10,603 sq. ft. lot, this property offers significant development potential—possibility to build up to 10 units, subject to verification and approval by the city of burbank. buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options.



currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. the unit mix includes:



three (3) units with 1 bedroom and 1 bathroom, and



three (3) units with 2 bedrooms and 1 bathroom.



each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. the interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset.



parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. a coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants.



notably, the last two units were originally one large single-family residence that has been divided into two separate units—this alteration may have been done without permits, and buyers should investigate accordingly.



to enhance the appeal, the seller is offering seller financing, and is willing to carry the first trust deed with 40% down payment for a term of two years, with competitive interest rates. this is a rare chance to secure a valuable investment with favorable financing terms.



offers are subject to inspection

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Bungalow

  • AD ID

    49051827

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1941
    • Building Area Total: 3,875
    • Roof: Composition

    Pool Features

    • None

    Laundry Features

    • Common Area,In Garage

    Fencing

    • Block,Chain Link

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2434
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10603

  • Listing Price Information

    • Original List Price: 2,700,000
    • Listing Contract Date: 2025-03-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2468007030

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Postal Code Plus 4: 3714
    • Directions: North of San Fernando Rd. South of Glenoaks
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 84
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front doors
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 03/29/2025 @ 06:15

  • MLS: BB25062782
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,875 sqft, 10,603 sized lot, and 6 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Burbank , in zip code 91504, this Los Angeles County Home are nearby neighborhoods.