1201 W Verdugo AVE Active Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91506
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24052054
Year Built 1953
Lot Size 8,302 Sqft
Property Description
5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl,Wood
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Building
Lot Description 0-1 Unit/Acre
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard