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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 16 out of 149
$891,000 For Sale

1823 Grismer Avenue
Burbank, CA 91504

2 units | Multi Family Home
6896 sq ft - MLS# 19442650
Property Photo
1/5

Description

Nestled in a quiet and tranquil neighborhood of Burbank, lies this sweet and spacious duplex with a pretty garden and ample living spaces. With 1 (one) 2 bedroom, one bathroom unit (936 sf) & 1 (one) 2 bedroom, 2 bathroom unit (1,102 sf), this duplex will attract both young families and working professionals and is in an ideal area as there are local businesses and schools within a 10 minute drive! The 2 bedroom, 2 bathroom unit was built in 2013, making this an incredibly rare opportunity to invest in! The unit at the front (built in 1921) is quintessentially Spanish-style, and the new build in the rear has been cleverly constructed to match the same aesthetic of this timeless neighborhood, with some modern additions & upgrades. The property is situated just a 2-minute walk from a local park and playground and is only 5 minutes from local bus stops and main roads. Porto's Bakery is a 10 minute drive away and draws huge crowds for their delicious baked goods.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 91504
  • Year Built: 2013
  • Units: 2 units
  • Lot Size: 6896 sq ft
  • Zoning: BUR4*
  • Area: 610 - Burbank
  • Association Amenities: Other
  • Association YN: Yes
  • Building Area Total: 2038.00
  • Cap Rate: 3.77
  • Co-Listing Agent License: 01784652
  • Co-Listing Office License: 02063191
  • Cooling: Central, Wall Window
  • Cooling YN: Yes
  • Directions: In a central part of Grismer Ave, close access to the 5 Freeway
  • Gross Multiplier: 16.69
  • Gross Operating Income: 51798.00
  • Improvements Amount: 260611
  • Insurance Expense: 1338.00
  • Land Value: 136397
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 02063191
  • Listing Office License: 02063191
  • Lot Size Area: 6897.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 2670.00
  • Net Operating Income: 33613.00
  • Number Of Buildings: 2
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Parking YN: Yes
  • Stories Total: 1
  • Total Expenses: 18185.00
  • Water Sewer Expense: 1085.00
Courtesy of Realty Investment Advisors, In, Benjamin J. Hsiang



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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