$2,998,000 - 1019 E Spazier Avenue,

  • 3Beds
  • Baths
  • 0SQ. Feet
  • 0.39Acres

Paul Kott Realtors, Inc. Commercial Division is pleased to present this multifamily investment opportunity in prime Burbank. 1019-1023 East Spazier Avenue offers eight charming bungalow style units in a prime location situated walking distance to Ralphs, Trader Joes, Starbucks, CVS, Walgreens, and several other shopping and dining options making it attractive for any tenant to live so close to convenience. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles located walking distance to downtown Burbank, 0.3 miles to the 5 Freeway, and approximately 3 miles to Warner Bros. Studios. Additionally, the property is not subject to any local or city rent control and only subject to AB-1482. The property sits on a double lot totaling 16,900 SF of land with 5,722 SF of rentable space consisting of (2) two-bedroom, one bath units and (6) one-bedroom, one bath units. Each unit maintains its own washer and dryer and is separately metered for electricity and gas which the tenants pay for. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset for long term appreciation. Please contact listing agent for Offering Memorandum. *DO NOT ENTER ONTO PROPERTY WITHOUT SELLER'S WRITTEN CONSENT*

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Sales Agent

Sam SmithBeach Cities Luxury HomesPhone: 760-710-2856Cell: 760-710-2856Contact Agent Now

Essential Information

  • MLS® #:PW23060870
  • Price:$2,998,000
  • Bedrooms:3
  • Bathrooms:0.00
  • Acres:0.39
  • Type:Residential Income
  • Status:SOLD

Community Information

  • Address:1019 E Spazier Avenue
  • Area:BURBANK (91502)
  • County:Los Angeles
  • State:CA
  • Zip Code:91502

Amenities

  • Pool:N/K

Exterior

  • Lot Description:Sidewalks

Additional Information

  • Date Listed:April 12th, 2023
  • Days on Market:27
  • Zoning:Assessor

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Provided By: Paul Kott Realtors, Inc..

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Listing information last updated on May 19th, 2024 at 4:15am CDT.