Active

1814 Grismer Ave

Burbank CA, 91504

$5,500,000


$555.22 per sqft

Active

14 Beds

16 Baths

9,906 sqft

Multi-family

Built in 1961

The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). 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.

24-460053

MLS ID

November 4, 2024

Listed

November 22, 2024

Updated

Map

1814 Grismer Ave
Burbank CA, 91504

Interior Features

Total Stories

2


Bedrooms

14


Total Bathrooms

16


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.23 Acres

Other Property Details

Area Name

Burbank


Days on Market

8


Garage

No


Parking

Assigned


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

BUR4*

Listed by Roderick 'Rick' Raymundo with Marcus & Millichap
Listing Contact: 818-219-6146 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Trevino Properties Inc. | CA DRE# 01324975 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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