1019-1023 E Spazier Ave | Burbank, CA 91502
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- LoopNet Team
1019-1023 E Spazier Ave
Burbank, CA 91502
8 Units Near Downtown Burbank · Multifamily Property For Sale
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8 Units
INVESTMENT HIGHLIGHTS
- Great Location - Walking Distance to Downtown Burbank with an Array of Hotels, Fine Dining, Nightlife, and Shopping Options (dtnbur.com) & One Mile to
- Eight One Level Charming Bungalow Style Units Consisting of (2) Two-bedroom, One Bath Units and (6) One-Bedroom, One Bath Units Very Suitable for Toda
- Walking Distance to Ralph’s, Walgreens, Trader Joe’s, CVS, Starbucks, Tesla (charging station), etc. and Immediate Access to the 5 Freeway
- Tremendous Value Add Investment Opportunity with Approximately 35% Upside in Market Rents and a Large 16,900 SF Double Lot
- Property is Not Subject to Strict Los Angeles Rent Control
- All Units are Separately Metered for Gas & Electricity in Addition to Maintaining a Washer and Dryer in Each Unit
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 5,722 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1940 |
| Building Class | C | ||
| Zoning | BUR4* | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 5,722 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | BUR4* |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
SITE AMENITIES
- Courtyard
- Furnished Units Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 635 |
| 2+1 | 2 | - | 898 - 1,018 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,604,780 | |
| Land Assessment | $2,693,737 | Total Assessment | $4,298,517 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,693,737
Improvements Assessment
$1,604,780
Total Assessment
$4,298,517
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