1608 Grismer Ave - Apartments FOR SALE


Burbank, CA 91504- Vega
$2,400,000 USD
626-657-7575
1608 Grismer Ave, Burbank, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/8
null | 7.08% Cap Rate

1608 Grismer Ave
Burbank, CA 91504
Vega


HIGHLIGHTS

  • Great unit mix - all 2 bedroom 1 bathroom units
  • Centralized location - near downtown Burbank and Empire Center
  • Near lots of stores and eateries
  • Rare opportunity in prime Burbank neighborhood

OVERVIEW

PRICED TO SELL! The Grismer Apartments is located in Burbank, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the shopping and eateries located at the Empire Center and Downtown Burbank. The City of Burbank offers not only a quiet corner to call home but also some of the most major production studios in the entertainment industry! It is also ideally centered near a few major freeways, making it a short distance to cities like Glendale, Toluca Lake and Sherman Oaks. The apartment complex has 8 units in total and features an excellent unit mix. The property consists of all 2 bedroom 1 bathroom units. The property has been so well maintained and has lots of curb appeal. The location incorporates the perfect balance between the coziness of the City of Burbank and the liveliness of being minutes away from hot spots throughout Los Angeles. This premier property is a unique opportunity for an investor looking to expand their portfolio into one of the leading neighborhoods in Los Angeles County!

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,971 SF

ZONING

BUR4*

APN/PARCEL ID

2468-007-012

ASK ABOUT THIS PROPERTY

Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

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Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

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