2001 Grismer Ave, Burbank, CA 91504
- For Sale – $6,488,000
- Burbank, CA 91504
- Multi-Family | 11,334 SF
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 with the exception of one unit, which is currently being rehabbed. 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.
- Offer For Sale
- Property Type Multi-Family
- Building Size 11,334 SF
- Land Size 10,895 SF
- Zoning 2468-015-084
- Year Built 1987
- Parking 28 spaces (2 per unit)
2001 Grismer Avenue
Burbank, CA 91504