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LIKE NO OTHER: Welcome to your new income producing property: This is a 3-unit property situated in one of the most desirable neighborhoods in Burbank: Equal parts Magnolia Park and Toluca Lake. Step into immediate cash flow, the front stand-alone SFR is occupied, at a rental rate of $4,200 and one of the NEWLY built rear attached units, is also occupied at $3,100, and bottom unit is now leased at $3,200. This is the ideal property for generating rental income or for a multi-generational living setup. Located in a prime Burbank location, this property is near highly rated schools, parks, studios, and shopping, offering convenience and a desirable lifestyle for all residents, while enjoying immediate walking distance of essential services, Trader Joe's, Whole Foods, Vons, world class sushi, and LA staples like Sweetgreen, Lemonade, Mendocino Farms, Hank's Deli, The Original Bob's Big Boy, and Riverside's Restaurant Row. It's also a short drive or walk to nearby Hollywood studios, Warner Bros Ranch Facilities. For all commuters, the access to all major connecting freeways is just minutes away. Everywhere you turn there is growth in this area, green lawns to your left and right, & ongoing new developments. You must add this property to your portfolio at only $767 per Sq Ft, wow 3 units with 3 addresses, this is the BEST DEAL for any Buyer that is looking to park their money in a safe long term sustainable City, like Burbank. Book your tour today!
Last Updated | 6/29/2024 | Year Built | 2023 |
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Community | Burbank | County | Los Angeles |
Additional Details
AIR | Central Air, Dual, Ductless |
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AIR CONDITIONING | Yes |
AREA | Burbank |
FIREPLACE | Yes |
HEAT | Central, Ductless |
HOA DUES | 0 |
LOT | 6608 sq ft |
LOT DESCRIPTION | Front Yard |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
WATER | Private |
ZONING | BUR3* |
Location
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