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210 W Spazier

burbank, CA 91502

US$1,595,000

    Interested? Let's Connect

    Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, interior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer pro forma cap rate of approximately 5.7% (buyer to verify). Situated on a generous 7,748 SF lot with potential future expansion or redevelopment opportunities (buyer to verify with the City of Burbank), this is an exceptional opportunity to acquire a quality investment property in one of Burbank's most sought-after rental neighborhoods.

    Details

    2,492 Sq Ft

    7,758 Sq Ft Lot Size

    investment

    Built in 1949

    MLS/Listing ID SR26147163

    1 Stories

    4 Units

    Amenities & Features

    Composition

    Public Sewer

    Public Water

    Tile

    Carpet

    Heating - Wall Furnace

    Bedroomon Main Level

    All Bedrooms Down

    Stacked

    Outside

    Laundry Closet

    Inside

    Lot - Cul-de-sac

    Parking - RV Potential

    Parking - On Site

    Parking - Garage

    Parking - Driveway Level

    Parking - Door Single

    Double Pane Windows

    Microwave

    Gas Range

    Dishwasher

    Style - Mid Century Modern

    Community - Sidewalks

    Cooling - Wall/window unit(s)

    Wrought-iron

    Vinyl

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

    HOME PRICE
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