Welcome to your dream investment opportunity in Burbank! Located in a beautiful Rancho Adjacent neighborhood and within the highly rated Burbank Unified School District, this charming 8-unit apartment building is the epitome of comfort and convenience. Each unit boasts its own designated parking spot, ensuring hassle-free parking for all residents. The building features full copper plumbing and energy-efficient dual-pane windows, providing both durability and insulation. As you step onto the freshly paved asphalt driveway, you'll immediately notice the attention to detail and care put into this property. The doors on each unit have been recently updated and the newly applied stucco and fresh paint offer delightful curb appeal, while the new fascia and gutters enhance the overall aesthetic. Rest assured, the updates extend beyond the surface - the electrical system has been updated to meet modern standards. For added convenience, a community laundry facility is at the disposal of all residents, making laundry day a breeze. The front unit is a single family home comprising two bedrooms and one bathroom as well as its own water heater and laundry room. The 7-units in the back have a new commercial water heater and each unit has designated storage. Don't miss this incredible opportunity to invest in a well-maintained apartment building in the heart of Burbank, providing a comfortable and convenient living experience for tenants and passive income for you. Do not disturb tenants. Drive by Only. Inspection only with an accepted offer.
Courtesy: Coldwell Banker Hallmark
Burbank is located in California. Burbank, California has a population of 104,765. Burbank is more family-centric than the surrounding county with 33.07% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Burbank, California is $69,118. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Burbank is 39.5 years.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 41.9 degrees. The average rainfall is approximately 19.5 inches per year, with 0 inches of snow per year.
