KW Commercial is proud to represent this 8-unit apartment building in Burbank.
The building was constructed in 1987 and has upside in rents. Its unit mix consists of (6) one-bedroom, one bathroom units and (2) two-bedroom, two-bathroom units. With a lot size of 7,256 square feet, the property has a total of 6,175 rentable square feet.
Burbank is a highly desirable rental market and is known as the media capital of the world, which is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 shops; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is within walking distance to Glenoaks Blvd, which has dozens of restaurants and shops.
The property has undergone hundreds of thousands of dollars’ worth of capital improvements over the past few years, including entirely remodeled kitchens, living rooms, bathrooms, and flooring. Highlights include low-E dual pane windows, two units with central air & heat, common laundry area, private balcony on front apartment unit, and rooftop solar panels to offset common area electric bill. The building is non-rent control and has a very low cost of maintenance.
The property is separately metered for gas and electricity.
