1019 E Spazier Avenue
Burbank, CA 91502
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1940 build
- – on site
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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 Ralph’s, Trader Joe’s, 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*
Listed By CRMLS_CA / Brett Cervantes / Paul Kott Realtors, Inc.
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Last updated Jun 26, 2023
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MLS# PW23060870 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/23/23
Jun 23, 2023
|
Sold | CRMLS_CA | $3,000,000 | 0.1% |
5/9/23
May 9, 2023
|
Pending | CRMLS_CA | $2,998,000 | |
4/12/23
Apr 12, 2023
|
Listed / Active | CRMLS_CA | $2,998,000 |