This property consists of two separate fourplexes that are (8) one bedroom one bath units. Each property consists of 2,080 square feet and both are situated on a 12,788 square foot lot. The buildings must be purchased together but can be financed separately.The property is completely turnkey and the owner has spent between $7,000 and $10,000 on each unit upgrading it. An astute investor will enjoy close to a 5 cap which is unheard of in smaller units in Burbank. The city of Burbank is a highly desirable rental market and is known as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 101 freeway, and close proximity to the Burbank Metro link. The property is fully occupied and separately metered for gas and electricity. Two parcels are 2436-011-009 and 2436-011-008. The escrow must close after 1/1/2015. Brokered And Advertised By: Keller Williams Realty - Stud Listing Agent: Cindy Hill
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