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.