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536 E Cypress Avenue

Burbank, CA 91501

$5,298,000

List Price

26

bed Beds

26

shower Baths

15,012 sqft

straighten / sqft

1986

calendar_month Built

Property Description

First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking, pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. PLEASE DO NOT DISTURB TENANTS. INSPECTION UPON ACCEPTED OFFER.

Listing Information

List Price $5,298,000
Status Active
MLS 24440913
Type Residential Income
Year Built 1986
Lot Size 9,890
Structure Size 15,012
Courtesy Of Realty Investment Advisors, Inc.
Listing Agent Alexander Metaxas DRE#01784652

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Total Bedroom
Bedrooms 26
Total Bathroom
Bathrooms 26
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

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Listing information courtesy of: Alexander Metaxas, Realty Investment Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 24th, 2024 at 4:33 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.