1120 East Ave - Apartments FOR SALE


Burbank, CA 91504
$1,750,000 USD
818-378-7759
1120 East Ave, Burbank, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/1
null | 2.28% Cap Rate

1120 East Ave
Burbank, CA 91504


HIGHLIGHTS

  • Desirable Triplex Above Glenoaks Boulevard
  • Located In The Prestigious Burbank Hills Neighborhood
  • Recently Replaced Windows, Doors, And Copper Plumbing
  • Each Unit Includes A Private Garage And Additional Parking Space
  • Units Feature Hardwood Flooring And Plenty Of Natural Light
  • Prime Location Close To Schools, Shopping, Restaurants, And Freeway Access

OVERVIEW

Desirable 3 Units - Above Glenoaks Blvd! Property is well known for its character and its ideal location of being at the tail end of East Avenue and spanning over to Cornell - just above Glenoaks. Fitting in perfectly among the single family home area of Burbank Hills. Close to schools, shopping, restaurants, freeway and all Burbank has to offer. Landscaping consist of flowering seasonal trees, palm trees, and grassy areas for that real well kept "homey" feeling rather than just another apartment building. 1120 and 1122 East Avenue is 2 story. Both bottom an upstairs units consist of 1 Bedroom, 1 Bath, hardwood flooring, plenty of natural light with shared grassy yard on the side of property. 406 Cornell is 1 story consisting of 2 bedrooms and 1 bath, hardwood flooring thru-out, comfortable floor plan with French door access to a private 26 foot front balcony above garages and a cement patio in rear. All units have wall heaters and window/wall A/C units, UPGRADES consist of new 3 year old fully replaced roof, replaced windows and doors, copper plumbing, kitchens have refaced cabinets. Each unit comes with a 1 car garage and parking space in front of garage on curved stone paver driveway. There is also a common coin-op laundry room plus utility sink for all tenants convenience. A true Burbank gem.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$862 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

2.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,748 SF

ZONING

BUR4

APN/PARCEL ID

2459-030-008

ASK ABOUT THIS PROPERTY

Debbie IvoneCalifornia Real EstateMore Info
818-378-7759

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Debbie IvoneCalifornia Real EstateMore Info
818-378-7759

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.