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