1700 Grismer AVE Active Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91504
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25062782
Style Bungalow
Year Built 1941
Lot Size 10,603 Sqft
Property Description
Just reduced! Owner will carry the 1st trust deed with 40% down for 4 years. First year to be 5%, second year to be 6%, third year to be 7% and the fourth year to be 8%. Perfect opportunity to obtain this investment and have lower interest rates for the first years to make improvements or additions. This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potential-possibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Garage,Laundry Area,Washer/Dryer - Owned
Exterior
Garage Spaces 12.0
Pool None
Roof Type Composition
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Special Listing Condition Not Applicable