Bought with Sipan Movsesyan
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727 E Palm Burbank, CA 91501
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,518 sqft
Price per Sqft $536
MLS Listing ID CRPF26085219
Style Traditional
Bedrooms 5
Full Baths 4
Year Built 1948
Lot Size 7,489 Sqft
Property Sub-Type Fourplex
Property Description
First time on the market in over 60 years. All the perks of living in the great City of Burbank. Close to shopping, dining and entertainment. Close to adjacent cities of Glendale and Pasadena. Close to major freeways for ease of access. Great development opportunity or just remodel existing structures. Zoned for low density multifamily housing. Check with City of Burbank to see development and land usage opportunities. Currently a multifamily 4-unit property. Main structure is 2 bed 1 bath. Two units in back are 1 bed 1 bath. Third unit out back is studio with bath. Three income properties are tenant occupied. Monthly current total gross rent collected from 3 units is $4,500. Oversized two story garage. Driveway parking for up to 4 cars. Home is being sold as is condition. All sizes and dimensions are per city and county records. Newer roof is approximately 8 years old on main home only. All (4) units are separately metered for gas and electric. Main home is metered for water for all 4 units. Buyer is advised to have professional inspections and to verify all information with the City of Burbank. Trust sale DOES NOT require court confirmation. Property to convey with three tenants in place currently. One tenant month to month lease other two leases mature in Septe
Location
State CA
County Los Angeles
Area 610 - Burbank
Rooms
Dining Room Formal Dining Room, In Kitchen
Interior
Cooling Window / Wall Unit
Flooring Laminate
Fireplaces Type Living Room
Laundry Gas Hookup, 30, Washer, Dryer
Exterior
Parking Features Garage, Gate / Door Opener, Off-Street Parking, Other, Parking Area
Garage Spaces 2.0
Fence Chain Link
Pool None
View Hills
Roof Type 2
Building
Story One Story
Foundation Raised
Water District - Public
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