Rare opportunity to purchase a beautiful upscale 2005 built condo in downtown Burbank through the City of Burbank's Housing Affordability Program. This 2 bed, 1 bath condo offers a nice open floor plan, recessed lighting, quartz counter tops, tile and wood flooring, private patio facing the pool, and in unit laundry. The building's amenities include a large pool, spa, gym, BBQ area and much more. Located walking distance away from shops, restaurants, AMC theaters, Burbank mall, entertainment and transportation. THE BUYER MUST FIRST BE APPROVED WITH THE CITY OF BURBANK'S HOUSING AFFORDABILITY PROGRAM WHICH HAS INCOME LIMITATIONS: (1 person $50,500-54,450) (2 people $57,700-$62,200) (3 people $64,900-$70,000) (4 people $72,100-$77,750) (5 people $77,900-$83,900). THIS UNIT CAN NOT BE PURCHASED AS AN INVESTMENT PROPERTY. BUYER MUST OCCUPY THE PROPERTY WHICH THE CITY VERIFIES ROUTINELY. LISTING PRICE IS SET BY THE CITY OF BURBANK AND IS THE FINAL SALES PRICE. CITY OF BURBANK ASSISTS THE BUYER OF THIS UNIT WITH A SILENT SECOND LOAN OF $ 148,600 WHICH DOES NOT REQUIRE INTEREST OR REGULAR PAYMENTS.
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