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1019 E Spazier AVE Burbank, CA 91502
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Key Details
Sold Price $3,000,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23060870
Sold Date 06/23/23
HOA Y/N No
Year Built 1940
Lot Size 0.388 Acres
Property Sub-Type Apartment
Property Description
Paul Kott Realtors, Inc. – Commercial Division is pleased to present this multifamily investment opportunity in prime Burbank. 1019-1023 East Spazier Avenue offers eight charming bungalow style units in a prime location situated walking distance to Ralph's, Trader Joe's, Starbucks, CVS, Walgreens, and several other shopping and dining options making it attractive for any tenant to live so close to convenience.
This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles located walking distance to downtown Burbank, 0.3 miles to the 5 Freeway, and approximately 3 miles to Warner Bros. Studios. Additionally, the property is not subject to any local or city rent control and only subject to AB-1482.
The property sits on a double lot totaling 16,900 SF of land with 5,722 SF of rentable space consisting of (2) two-bedroom, one bath units and (6) one-bedroom, one bath units. Each unit maintains its own washer and dryer and is separately metered for electricity and gas which the tenants pay for. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset for long term appreciation.
Please contact listing agent for Offering Memorandum.
*DO NOT ENTER ONTO PROPERTY WITHOUT SELLER'S WRITTEN CONSENT*
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Fireplace No
Laundry In Kitchen
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Landscaped, Street Level
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5624002032
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Seller Financing
Special Listing Condition Standard
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