1201 W Verdugo AVE, Burbank, CA 91506 – SR24052054

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$1,950,000

Est. payment - /mo

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8,302 Sqft Lot

Active

1201 W Verdugo AVE Burbank, CA 91506

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/05/2024 01:03 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24052054

HOA Y/N No

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

Fireplace No

Appliance Disposal

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

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2446030007

Energy Description 244.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Richard Valdez • Valdez Realty • 818-522-2863