Pending
536 E Cypress Avenue
Burbank CA, 91501
$5,298,000
$352.92 per sqft
Pending
15,012 sqft
Other
Built in 1986
First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment
CL24440913
MLSⓇ ID
September 23, 2024
Listed
December 13, 2024
Updated
Map
536 E Cypress Avenue
Burbank CA, 91501
Interior Features
Laundry Description
Community Facility, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Area Name
Burbank
Garage
No
Parking
Other
View
No
County
Los Angeles
Pool
No
Zoning
BUR4
Listing History
Date | Event | Price |
---|---|---|
12/10/2024 | Pending | — |
Listed by Alexander Metaxas with Realty Investment Advisors, Inc.
Listing Contact: 626-313-4901
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