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Listed by Brian Palmer, DRE #01047928 • RE/MAX Gateway
$1,595,000
Est. payment /mo
7,758 Sqft Lot
Active
210 W Spazier Burbank, CA 91502
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26147163
Year Built 1949
Lot Size 7,758 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, interior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer
Location
State CA
County Los Angeles
Area 610 - Burbank
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry In Closet, Other, Washer/Dryer - Owned, Stacked Only
Exterior
Parking Features RV Possible, Garage, Common Parking Area
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Composition
Building
Lot Description Corners Marked
Story One Story
Water District - Public
Others
Tax ID 5625016017
Special Listing Condition Not Applicable
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