This Multifamily Property is no longer advertised on LoopNet.com.

1814 Grismer Ave
Burbank, CA 91504
Non LA Rent Control | Burbank Town Center Adj · Multifamily Property For Sale · 14 Units

Investment Highlights

  • Desirable Burbank Location – One Mile from Burbank Town Center, Half-Mile from Empire Center
  • Mostly Copper Plumbing, Upgraded Electrical Disconnect Box, New AC Units, and New Dual Pane Windows
  • Short Distance to Numerous Retailers, Including Target, Costco, Nordstrom Rack, Walmart, AMC Theatres, Macy’s, Best Buy, and Cost Plus World Market
  • Not Subject to Los Angeles Rent Control – Higher Allowable Rent Increases Under AB1482
  • Easy Commute to Several Major Studio Employers – Warner Bros. Studios, Nickelodeon Studios, Walt Disney Imagineering, and Disney Studios
  • Additional Revenue Stream Generated Through Landlord-Owned Laundry Facilities

Property Facts

No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 9,906 SF
Average Occupancy 86%
No. Stories 2
Year Built 1961
Parking Ratio 1.21/1,000 SF
Zoning R4, Burbank

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 $1,775 450
1+1 10 $2,300 700
2+2 2 $2,710 900

Property Taxes

Property Taxes

Parcel Number
2468-005-023
Land Assessment
$1,694,453
Improvements Assessment
$2,553,286
Total Assessment
$4,247,739
  • Listing ID: 33705172

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 1814 Grismer Ave, Burbank, CA 91504

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