2001 Grismer Ave, Burbank, CA 91504

  • For Sale $6,488,000
  • Burbank, CA 91504
  • Multi-Family | 11,334 SF

Description

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.

Details

  • 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)

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Address

2001 Grismer Avenue
Burbank, CA 91504
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Neighborhood Burbank