Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1814 Grismer Avenue, Burbank, CA 91504
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    • MLS#: 24460053 ( )
    • Street Address: 1814 Grismer Avenue
    • Viewed: 22
    • Price: $5,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1961
    • Bldg sqft: 0
    • Days On Market: 49
    • Additional Information
    • County: LOS ANGELES
    • City: Burbank
    • Zipcode: 91504
    • Provided by: Marcus & Millichap
    • Contact: Roderick Roderick
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    Features
    Building Area Total
    1. 9906.00
    Country
    1. US
    Levels
    1. Two
    Netoperatingincome
    1. 236824.00
    Parcel Number
    1. 2468005023
    Parking Features
    1. Assigned
    Sourcesystemkey
    1. 24-460053:CLAW
    Totalexpenses
    1. 119047.00
    Views
    1. 22
    Year Built
    1. 1961
    Zoning
    1. BUR4*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836