We are proud to exclusively present the opportunity to acquire 1219 & 1221 S. Lake Street, a 5-unit multifamily investment property located in Burbank, California. Same ownership for 30 years and there is over 36% rental upside. Built in 1932, the property sits on 0.14 acre and has a building size of approximately 3,304 square feet. The building is comprised of two buildings that consist of (1) studio/one-bathroom unit, (1) one-bedroom/one-bathroom unit, (1) one-bedroom/two-bathroom townhouse style unit, (1) two-bedroom/two-bathroom unit and (1) three-bedroom/one-bathroom unit. There is an on-site laundry facility, one unit has a private enclosed backyard and one unit has a two-car garage. All units are individually metered for gas and electricity. The apartment is ideally situated near Downtown Burbank and with easy access to the 5 Golden State and the 134 Ventura Freeway. The property is in close proximity to several major employers including IKEA, Home Depot, and Ralphs, as well as recreational parks such as the Los Angeles Zoo, Bird Sanctuary, and the Griffith Observatory. The property provides a convenient living opportunity that is less than two miles from the Burbank Metro Link for easy commute to Central Los Angeles or the soon-to-be-international Hollywood Burbank Airport. The City of Burbank is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and the Burbank Studios. With a walk score of 70, the property is in one of the best school districts in Los Angeles County and minutes drive from
We are proud to exclusively present the opportunity to acquire 1219 & 1221 S. Lake Street, a 5-unit multifamily investment property located in Burbank, California. Same ownership for 30 years and there is over 36% rental upside. Built in 1932, the property sits on 0.14 acre and has a building size of approximately 3,304 square feet. The building is comprised of two buildings that consist of (1) studio/one-bathroom unit, (1) one-bedroom/one-bathroom unit, (1) one-bedroom/two-bathroom townhouse style unit, (1) two-bedroom/two-bathroom unit and (1) three-bedroom/one-bathroom unit. There is an on-site laundry facility, one unit has a private enclosed backyard and one unit has a two-car garage. All units are individually metered for gas and electricity. The apartment is ideally situated near Downtown Burbank and with easy access to the 5 Golden State and the 134 Ventura Freeway. The property is in close proximity to several major employers including IKEA, Home Depot, and Ralphs, as well as recreational parks such as the Los Angeles Zoo, Bird Sanctuary, and the Griffith Observatory. The property provides a convenient living opportunity that is less than two miles from the Burbank Metro Link for easy commute to Central Los Angeles or the soon-to-be-international Hollywood Burbank Airport. The City of Burbank is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and the Burbank Studios. With a walk score of 70, the property is in one of the best school districts in Los Angeles County and minutes drive from New York Film Academy and Woodbury University.