Pending

536 E Cypress Avenue

Burbank CA, 91501

$5,298,000


$352.92 per sqft

Pending

26 Beds

26 Baths

15,012 sqft

Residential

Built in 1986

First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. PLEASE DO NOT DISTURB TENANTS. INSPECTION UPON ACCEPTED OFFER.

24440913

MLS ID

September 23, 2024

Listed

December 10, 2024

Updated

Map

536 E Cypress Avenue
Burbank CA, 91501

Interior Features

Total Stories

3


Bedrooms

26


Total Bathrooms

26


Appliances

Dishwasher, Disposal, Microwave


Laundry Description

Common Area, Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.23 Acres


Roof

Composition, Shingle

Other Property Details

Area Name

610 - Burbank


Days on Market

78


Garage

No


Parking

Controlled Entrance, Gated, Community Structure


Parking Total

26


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

BUR4*

Listing History

Date

Event

Price

12/10/2024

Pending

Listed by Alexander Metaxas, Realty Investment Advisors, Inc., CA DRE 01784652

Listing Contact: 626-313-4901 

Based on information from the CRISNet MLS as of 12/10/2024, 11:20 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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