Listing by: Vahik Beglarian, Coldwell Banker Hallmark, 818-203-5471

0 Beds

n/a Full bath

n/a SqFt

Active

INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME! The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream. An Exceptional Investment Opportunity, property contains 5 bungalow style units, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy.

Property Details
Price $1,900,000
Lot Size Area 14352
Lot Size Area Units Square Feet
Acres 0.3295
Property Type Land
Exterior Features Sidewalks
View None
Lot Description Lot 10000-19999 Sqft
Association Fee 0
Geographic Data
Directions South of Glenoaks Blvd, East of Grismer Rd.
County Los Angeles
Latitude 34.196908
Longitude -118.329996
Market Area 610 - Burbank
Address Information
Address 2005 Peyton Avenue, Burbank, CA 91504
Postal Code 91504
City Burbank
State CA
Country United States
Listing Information
Listing Office Coldwell Banker Hallmark
Listing Agent Vahik Beglarian
Listing Agent Phone 818-203-5471
Attribution Contact 818-203-5471
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
MLS Information
Days on market 38
MLS Status Active
Listing Date Sep 3, 2024
Listing Last Modified Oct 11, 2024
Tax ID 2468016028
MLS Area 610 - Burbank
MLS # GD24182393

This information is believed to be accurate, but without any warranty.
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