Address
731 E Cypress Avenue Burbank, CA
Price
$ 2,395,000
Property Attributes
  • MLS#SR21106184
  • TypePending
  • CountyLOS ANGELES
  • CityBurbank
  • AreaBurbank
  • Zip91501
  • Style
  • Price$ 2,395,000
  • Bedrooms13
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size7,176 SqFt
Listing Provided Courtesy Of:
Cindy Hill with Keller Williams Encino-Sherman Oaks.
Data Source:
CRMLS
Property Description

We are proud to represent this 5­unit apartment building in an excellent rental pocket in Burbank. The building was constructed in 1990. Its unit mix consists of (2) two­bedroom, two­bathroom townhouses and (3) three­bedroom, two­bathroom townhouses style units. Tenants enjoy two car garages with washer dryer hookups. With a lot size of 7,156 square feet, the property has a total of 4,772 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. An astute investor will enjoy the turn key asset, excellent unit mix, award winning schools, and improving area as rents increase over time. The property is separately metered for gas and electricity

Price History
5/18/2021 Listed $2,395,000

General Features

Community Features Suburban, Urban, Valley
Garage Spaces 5
Garage Y/N Yes
Listing Agent Cindy Hill - BRE#00885625
Listing Agent State License 00885625
MLS Area 610 - Burbank
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Terms Cash, Cash to Existing Loan, Cash to New Loan
Total Units 5
Zoning BUR3*

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features Lawn
Lot Size Acres 0.16
Lot Size Area 7176
Lot Size Source Assessor
Lot Size Square Feet 7176
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 5
Total Parking 5
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 91501

Price
AVG $1.32M
$2.4M
Visits
AVG 118
3
Year Built
AVG 1971
1990
Walkscore
AVG 65
65
Data Provided by Walkscore ® not using MLS data

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