1814 Grismer Avenue

Burbank, CA 91504

  • 14 Bed(s)
  • 0 Bath(s)
  • 9,906 Sqft
  • 10112
    Sqft(Lot)
$5,500,000

Description

The building is exempt from los angeles rent control and therefore an investor can benefit from higher allowable annual rent increases through ab 1482. only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (buyer to verify). situated within a mile of both the burbank town center and the empire center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. stores such as costco, target, walmart, nordstrom rack, macy's, cost plus world market, and best buy provide local residents a wide array of local shopping choices. dubbed the "media capital of the world," the city of burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. notable media production campuses in and around burbank include disney studios, walt disney imagineering, warner bros. studios, universal studios, nickelodeon studios, cartoon network, and dreamworks animation.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47536048

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1961
    • Building Area Total: 9,906

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2321
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10112

  • Listing Price Information

    • Original List Price: 5,500,000
    • Listing Contract Date: 2024-11-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2468005023

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Directions: We are pleased to announce the opportunity to purchase 1814 Grismer Avenue, a 14-unit multifamily property located in the desirable city of Burbank, CA.
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank

    Building and Construction

    • Property Age: 63
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9906
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/22/2024 @ 02:46

  • MLS: 24460053
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 9,906 sqft, 10,112 sized lot, and 0 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.