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Listed by: Filip Niculete (818) 212-2817 DRE #01905352, Glen Scher DRE #01962976 | Marcus & Millichap (818) 212-2700
$5,500,000
28 Beds
- 28 Baths
11,334sqft
2005 Grismer Ave, Burbank, CA 91504
$5,500,000
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Multi Family
Built in 1987
$-- HOA
11,442 sqft lot
$485/sq.ft
Description
We are pleased to present the investment opportunity at 2001-2005 Grismer Avenue in Burbank, California. This 14-unit apartment community is situated in the established North Burbank residential corridor, one of the most consistently performing multifamily submarkets in the San Fernando Valley. The offering represents an opportunity to acquire a uniformly config red, below-market asset in a city that operates independently from the City of Los Angeles, with a meaningfully different regulatory environment and a strong long-term rental demand profile driven by proximity to the Burbank Media District, the studios, and the broader employment base that anchors the area.The sub...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1987
HOA Fees
-
Finished Area
11,334 sqft
Lot Size
11,442 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26852909
MLS Status
Active
Days on Market
35
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