CA > Burbank
Burbank, CA 91501,536 E Cypress AVE
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Burbank, CA 91501,536 E Cypress AVE
Burbank, CA 91501,536 E Cypress AVE
Burbank, CA 91501,536 E Cypress AVE
Burbank, CA 91501,536 E Cypress AVE
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Kyle Andrade

Kyle Andrade

+1(951) 240-8338
$ 5,298,000
Est. payment /mo
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536 E Cypress AVE Burbank, CA 91501

26 Beds

26 Baths

15,012 SqFt

UPDATED:

10/01/2024 12:24 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,012 sqft

Price per Sqft $352

MLS Listing ID 24440913

Bedrooms 26

HOA Y/N No

Year Built 1986

Lot Size 9,888 Sqft

Property Description

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 venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. PLEASE DO NOT DISTURB TENANTS. INSPECTION UPON ACCEPTED OFFER.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave

Laundry Common Area, Laundry Room

Exterior

Garage Controlled Entrance, Gated, Community Structure

Pool None

Roof Type Composition,Shingle

Parking Type Controlled Entrance, Gated, Community Structure

Total Parking Spaces 26

Private Pool No

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 2455038011

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Alexander Metaxas • Realty Investment Advisors, Inc.

Kyle Andrade

Realtor | Listing Specialist | 02136739 | License ID: 02136739

+1(951) 240-8338

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536 E Cypress AVE