2005 Peyton AVE Active

Burbank,CA 91504

$ 1900000

- Bed

- Bath

3193 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,193 sqft

Price per Sqft $595

MLS Listing ID GD24166100

Year Built 1935

Lot Size 0.329 Acres

Property Description

INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME!
An Exceptional Investment Opportunity to own 5 bungalow style units, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy, The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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