1814 Grismer AVE, Burbank, CA 91504
1814 Grismer AVE, Burbank, CA 91504
1814 Grismer AVE, Burbank, CA 91504
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Blake Miller

Blake Miller

+1(619) 678-8180
$4,675,000
Est. payment /mo
14 Beds
16 Baths
9,906 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,906 sqft

Price per Sqft $471

MLS Listing ID 26107770

Bedrooms 14

HOA Y/N No

Year Built 1961

Lot Size 10,110 Sqft

Property Description

Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The property features copper plumbing throughout most of the building, while the majority of units have been upgraded with new granite countertops, dual-pane windows, wood laminate flooring, and new AC units. The on-site laundry facilities are owned by the landlord, allowing for a more substantial supplemental revenue stream. Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Fireplace No

Exterior

Parking Features Assigned

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2468005023

Special Listing Condition Standard

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Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019

NEARBY SCHOOL & BUSINESS

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