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2001-2005 Grismer Ave
Burbank, CA 91504
Grismer Apartments · Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 11,334 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | B | Parking Ratio | 2.47/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | R4 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 11,334 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2.47/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Recycling
- Storage Space
ABOUT 2001-2005 GRISMER AVE , BURBANK, CA 91504
2001 Grismer Avenue is a two-story apartment building comprised of approximately 11,334 square feet situated on approximately 10,895 square feet of land. There is a subterranean parking garage with two dedicated parking spaces per unit (28 total). The property is zoned R4. There are a total of 14-units in the building. The building is fully occupied. The current rents range from $1,750–$2,090 per month with scheduled increases. The property is located in Burbank, which is a highly desirable rental market and is known as “the media capital of the world”. It is home to Disney Studios, Warner Brothers, and a number of other large area employers. The city has over 80 restaurants, 30 theaters ,and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to Bob Hope Airport, Burbank Empire Center, Downtown Burbank, and Burbank Metro Link. 2001 Grismer Avenue provides buyers with stable cash flow and a strong long-term hold opportunity in a prime Burbank location.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 14 | $1,920 | 810 |
PROPERTY TAXES
| Parcel Number | 2468-015-084 | Improvements Assessment | $3,937,123 |
| Land Assessment | $2,624,749 | Total Assessment | $6,561,872 |
PROPERTY TAXES
