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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