$1,950,000
- Beds
- Unknown
- sq ft
- 4,337
1201 W Verdugo Ave, Burbank, CA 91506
1201 W Verdugo Ave
Burbank, CA 91506
- 253 days on market
- Price drop $50,000↓
5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
Details
Property type
Apartment
Lot size
8,304 sq ft
Price per sq ft
$450
Year built
1953
Price History
07/11/2024
CRMLS #SR24052054
Price change
$1,950,000
-2.5%
03/14/2024
CRMLS #SR24052054
Listed
$2,000,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 11/22/2024 at 1:20 PM
Listing updated: 10/10/2024 at 3:48 PM
Listed by: Richard Valdez, Valdez Realty Phone #: (818) 522-2863
MLS: CRMLS #SR24052054
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