Homes for sale - 1700 Grismer AVE, Burbank, CA 91504

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Joyce Starleaf • Equity Union

$2,650,000

Est. payment - /mo

10,603 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRBB25062782

Style Bungalow

Originating Board California Regional MLS

Year Built 1941

Lot Size 10,603 Sqft

Property Description

This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potential-possibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset. Parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. A coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants. Notably, the last

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Heating Central Forced Air

Cooling Central AC

Laundry In Garage, Laundry Area, Washer/Dryer - Owned

Exterior

Garage Spaces 12.0

Pool None

Roof Type Composition

Building

Lot Description Grade - Level

Story One Story

Water District - Public

Architectural Style Bungalow

Others

Tax ID 2468007030

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1700 Grismer AVE Burbank, CA 91504

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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