The property is located in a prime area of Burbank with convenient access to freeways, entertainment, shopping & employers in the entertainment district. The improvements consist of a two-story building and a one-story building on a 5,812 square foot parcel. The property is well maintained and in good condition. Building one is 1,064 square feet and has two 1 bedroom units. Building two is 1,518 square feet and has two 2 bedroom units. There is significant upside in rental income on all units are the rents are below market. AB 1482 allows rent increases of 5% + CPI annually. Proforma rents are projected 8.6% above current.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
