1814 Grismer Avenue, Burbank, CA 91504
-
Listed Price :
$5,500,000
-
Beds :
14
-
Baths :
16
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Property Size :
9,906 sqft
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Year Built :
1961
Property Description
The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.
Interior Features
| Bedroom Information |
| Bedrooms |
14 |
| Bathroom Information |
| Bathrooms |
16 |
Listing Information
| Address |
1814 Grismer Avenue |
| City |
Burbank |
| State |
CA |
| Zip |
91504 |
| County |
Los Angeles |
| Listing Agent |
Roderick 'Rick' Raymundo DRE #01357019 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$5,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
9,906 |
| Lot Size |
10,112 |
| Year Built |
1961 |
Listing information courtesy of: Roderick 'Rick' Raymundo, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 4th, 2024 at 11:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
