Sold for $3,525,000

Listed by: Keller Williams Realty • Melina Kalachian • Contact: (818) 522-1900

Bought with: Reza Ghobadi

$3,525,000

420 W Elmwood Ave, Burbank, CA 91506

17beds

17baths

9,310sqft

Multi Family

Built in 1988

-- sqft lot

$3,080,500 Zestimate^®

$379/sqft

$2,591 Estimated rent

Home value

$3,080,500

$2.62M - $3.73M

$2,591/mo

Zestimate^® history

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$2,591/mo

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$2,591/mo

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$22,365/mo

Est. payment

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$22,365/mo

Est. payment

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What's special

Presenting an exceptional investment opportunity, this distinguished 9 Unit building, built in 1988, features eight 2-bedroom, 2-bathroom flat units alongside a unique 1-bedroom, 1-bathroom townhouse-style loft unit. With a great Curb Appeal, separate Gas and Electric Meters, and copper plumbing, the 9,310 square feet building extends over 6,670 square feet of land. Each unit has been thoughtfully designed to offer spacious living quarters, enhanced by central air conditioning and heating systems, fireplace, and high ceilings. Notably, the front units also have balconies, Situated in a Prime rental district, the location ensures strong rental demand with close proximity to schools, shopping amenities, and iconic entertainment studios like Disney, Warner Bros, and Nickelodeon, unlocking a unique lifestyle proposition for potential tenants. *****SEE ATTACHED MARKETING BROCHURE*****

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 17

Heating

Central

Cooling

Central Air

Appliances

Laundry: Common Area, In Garage, See Remarks

Features

Has fireplace: Yes
Fireplace features: See Remarks
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 9,310
Total interior livable area: 9,310 sqft

Property

Parking

Total spaces: 18
Parking features: Gated
Garage spaces: 18

Features

Pool features: None
Spa features: None
Fencing: Wrought Iron
Has view: Yes
View description: None

Lot

Size: 6,670 Square Feet
Features: Sprinklers None

Details

Parcel number: 2451031009
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

Year built: 1988

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Street Lights, Sidewalks
Subdivision: Not Applicable

Location

Region: Burbank

Financial & listing details

Price per square foot: $379/sqft
Date on market: 5/7/2024
Cumulative days on market: 56 days
Listing terms: Cash,Cash to New Loan
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
7/31/2024	Sold	$3,525,000-1.5%$379/sqft
Source: CRMLS #P1-17542 Report a problem
7/1/2024	Pending sale	$3,578,000$384/sqft
Source: CRMLS #P1-17542 Report a problem
6/17/2024	Price change	$3,578,000-10.4%$384/sqft
Source: CRMLS #P1-17542 Report a problem
5/7/2024	Listed for sale	$3,995,000$429/sqft
Source: CRMLS #P1-17542 Report a problem