Property Details
About this Property
INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME! The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream. An Exceptional Investment Opportunity, property contains 5 bungalow style units, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy.
MLS Listing Information
MLS #
CRGD24182393
MLS Source
California Regional MLS
Days on Site
98
Parking, School, and Other Information
HOA Fee
$0
Zoning
LX
Contact Information
Listing Agent
Vahik Beglarian
Coldwell Banker Hallmark
License #: 00941552
Phone: –
Co-Listing Agent
Shalita Dergazarian
Coldwell Banker Hallmark
License #: 01087355
Phone: –
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2005 Peyton Ave is in Burbank, CA 91504. This Land is currently priced at $1,900,000. This address can also be written as 2005 Peyton Ave, Burbank, CA 91504.
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This listing information is up-to-date as of October 11, 2024. For the most current information, please contact Vahik Beglarian
