We are proud to represent the pride of ownership five unit non-rent control apartment building located above Glenoaks Blvd. in Burbankwithin walking distance of Downtown Burbank's shopping, restaurants and AMC movie complex. The property is located in an excellent location of Burbank were properties rarely become available. Angeleno Street is considered one of the best streets in Burbank. The building is a total of 4,384 square feet and is situated on a large 7,673 square foot lot. The units include (5) two bedroom one bath units and was built in 1960. This building is very well maintained and upgraded. Three of the units have been remodeled with new bathrooms, granite counter tops in the kitchen and tankless water heaters. Tenants enjoy private balconies or patios and enclosed garages. Two units have new wood flooring and carpet. The rents are below market and Burbank is not subject to rent control. 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 134 freeway, and close proximity to the Burbank Metro link. The buildingis fully occupied and is separately metered for gas and electricity.An astute investor will take advantage of historical low interest rates and the dramatically increasing rental market.
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.
