6 Unit Apartment Building For-Sale in the city of Sunland. Most units have been renovated. Rents are below market. Offer Subject to inspection. Please do not go on property and Contact Listing Agent for more information.
We are pleased to present for the very 1st time ever, the Burbank Terrace Condos. Being offered by the original developer and owner since its inception in 2006, the property can widely be considered one of the nicest assets to be built within the city. Initially developed as condominiums, the level of construction and attention to detail is of high caliber. There is currently a $1.995M assumable loan at 3.45% This unique opportunity to obtain capital at over 50% discount from the going interest rates will significantly improve cash flow and shelter against rising inflation. For additional cashflow stream, a utility billback system can easily be incorporated as well. Boasting massive unit mixes and modern luxuries such as in-unit washer dryers, fireplaces, wet bars, gated subterranean parking, intercom controlled access, and priceless views of the Verdugo Mountains, the Terraces are With a WalkScore of 92, a "Walker's Paradise" tenant are within reach of all major shops, dining, and service options within the city. Across the street from the largest and most touted Burbank High School, vacancy has been and will continue to be historically nonexistent. As Burbank tenants and landlords alike wait patiently, the proposed old lkea site development which will be only steps away from
Office and Warehouse Presenting 3608 W. Burbank Blvd, a highly visible commercial property in Burbank, CA. With ample parking, excellent signage opportunities, and a versatile layout, this property is well-suited for businesses seeking maximum exposure and a prime location.
We are pleased to present an extremely unique multi family property that provides cash flows, significant rental upside, ADU opportunities, attractive unit mix, and a low assumable interest loan. Settled on a 14K lot with 100 Feet frontage and access from both Klump Ave and Fair Ave, this property offers 7 existing units consisting of Two (2) Single Family Houses that have been completely remodeled from the exterior and interior, One (1) 1 Bedroom ADU with Certificate of Occupancy and Four (4) 1 Bedroom Bungalows. In addition, it offers Two (2) fully approved ADU plans with Ready-to-Issue (RTI) permits for an easy value add opportunity to make this a 9 Unit property with proforma rent of $266K annually. All units have private laundry hook-ups inside the units, no common walls, and yard space. Take advantage of an attractive assumable loan of 3.80% Interest only with over 3 years of term remaining, offering immediate cash flow unlike anything else on the market.
Turnkey Auto Body Shop & Prime Commercial Property - Your Opportunity Awaits!! Unlock the doors to success with this rare gem! This commercial free-standing building is your one-stop-shop for entrepreneurial triumph. Nestled in a High-traffic area.Fully-equipped auto body shop ready for action. High visibility and accessibility for maximum foot traffic. Ample parking for convenience. Prime location with growth potential. Whether you're an industry pro, looking to expand or a savvy investor seeking a lucrative venture, this is your golden ticket! Don't miss out on this dynamic duo a thriving business and a valuable property in one.
A 15-unit Multifamily Located in Noho West With a Ton of Upside (74%). the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $250K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.65 and Proforma CAP rate of 8.76%. EQ Retrofitting has been completed and main electrical panel and subpanels have been upgraded in 2024.
We are proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor
Nestled in the heart of North Hollywood, this charming six-unit apartment building on Bakman Ave offers residents an urban oasis amidst the bustling cityscape. Situated within close proximity to trendy cafes, eclectic eateries, and vibrant entertainment options, this property embodies the epitome of convenient city living. 5653 Bakman Ave is a charming 6-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This six-unit apartment building is comprised of (4) Four (1) One-bedroom and (1) One-bath units, and (2) Two (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and wel
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
The property is 15.14 acres of land ready to be developed. The land is located in pristine Sunset Canyon right next to the Sunset Canyon Country Club. The process for design/architectural approval is currently underway with the City of Burbank. Only minutes away from historic Burbank Castle and other manor homes, this location is a truly unique opportunity for a developer to build an iconic home in the hills of Burbank. The property is only a short drive from downtown Burbanks chic restaurants, hip stores, and located in the heart of scenic hiking trails. It is also next to one of the best neighborhoods and school districts in Burbank. The City of Burbank is an icon in the entertainment industry with many celebrities and entertainment industry executives living in these neighborhoods.
Welcome to this Wonderful World Class Recording Studio. Recently Completed with an incredible creative environment that allows every artist to receive the highest quality professional sound recording & mixing. The studio was built & designed by Progressive Designs Inc. who among others, built Studios for Bruno Mars and Lady Gaga. Your dreams will come to fruition in this amazing sonic space which consists of a Studio A, the main room, and Studio B, the Production room. The essential key to the creative process is an environment which cultivates the artist so they can be immersed and focused on his or her vision. The entire studio complex does exactly that. From the hip vibes and positive energy you get from chilling in the lounge or playing a game of pool, this studio evokes the best of the best. The custom Augsburg monitors are perfectly tuned in the room to deliver the most accurate visual image for the artist to hear. This is a must see, special & unique recording environment that personifies a superb canvas for any artist to bring their imagination to vivid reality. An absolutely impeccable recording space, do not miss this rare find where artists dreams do come true.
Welcome to this Wonderful World Class Recording Studio. Recently Completed with an incredible creative environment that allows every artist to receive the highest quality professional sound recording & mixing. The studio was built & designed by Progressive Designs Inc. who among others, built Studios for Bruno Mars and Lady Gaga. Your dreams will come to fruition in this amazing sonic space which consists of a Studio A, the main room, and Studio B, the Production room. The essential key to the creative process is an environment which cultivates the artist so they can be immersed and focused on his or her vision. The entire studio complex does exactly that. From the hip vibes and positive energy you get from chilling in the lounge or playing a game of pool, this studio evokes the best of the best. The custom Augsburg monitors are perfectly tuned in the room to deliver the most accurate visual image for the artist to hear. This is a must see, special & unique recording environment that personifies a superb canvas for any artist to bring their imagination to vivid reality. An absolutely impeccable recording space, do not miss this rare find where artists dreams do come true.
Prime owner/User or investment opportunity in Burbank! First floor has been used as museum and it is approx. 1,511 Sq Ft with 2 remodeled ADA bathrooms. Second floor has 1 bed + 1 bath apartment approx. 600 Sq Ft. 6 parking spaces included. A must see!
TRUE UNICORN: VERY RARE Mixed Use in Magnolia Park, Burbank! A Jewel Box: prestige location, prestige building, and fully legal attached apartment! Or additional office/creative space! Owner-Operators, creative users, post-production, retail, insurance, real estate: incredibly versatile! Italian-esque exterior plaster motif, lots of inviting glass for display/retail, high visibility on a busy but quaint shopping street in a superb strolling neighborhood, this building features huge skylights, lots of openness, customer service kitchenette in the front office, private offices or conference space, full ADA bathroom, energy efficient lighting and CAT-5 wired (if anyone still needs it), plus great flow between spaces or instant privatization! Fully outfitted ground floor APARTMENT with a full kitchen accessible from the main office and rear alley through elegant steel security french doors, the large bedroom suite provides a full bathroom, shower over tub, and ample closets and private entry door granting extra options for the Owner-User and or family members or renters. Perfect apartment for separate rental: it has its own electric meter, entrance, and 3-6 car parking, depending how you organize it. Front office and apartment have their own central HVAC units on separate power meter
Such a Rare lucrative investment opportunity now available in the heart of Tujunga! This 6 unit single family style property offers each unit with its own attached garage and guest parking spots on a spacious flat 15,000 square foot lot. Each unit features 2 beds and 1 bath, very ideal for comfortable living. This property is situated near shops, restaurants, supermarkets, and schools; this location is highly desirable for renters! In addition, there is a great potential value for future condo development for possibly up to 25 units (subject to further zoning confirmation), this property presents lucrative opportunity for any new or seasoned investor. Don't miss out on this prime investment in a thriving rental and real estate market!
INVESTMENT HIGHLIGHTS: Marketing Package attached under Docs. Six (6) Large Units Located on Desirable Whitsett Avenue in North Hollywood; Apartments Average 848 square feet of Space; Current Cap Rate equal to 5.06%; Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments; No Seismic Retrofit Needed; Per Apartments.com : "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making NorthHollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."
Built in 1948, this property is approximately 1,925 square feet of building sitting on roughly 2,672 square foot of land, featuring rear parking. Currently the property is occupied by, Splatter Haus, which is under a month-to-month agreement. Additionally, the property showcases two (2) electrical meters, two (2) HVAC units, and two (2) bathrooms, which offers the opportunity of subdividing the building.3108 W Magnolia Boulevard allows an owner-user to capitalize on the demand for retail/office space in the heart of the Magnolia Park District of Burbank! For an owner/user taking advantage of SBA financing with as little as 15% down is the ideal situation. Additionally, there is potential for an owner user to occupy 51% of the building and lease the remaining space for passive income. With Burbank's' initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax. * Buyer to confirm tax benefits with the city of Burbank. Buyer to perform own due diligence and verify all information.
RE/MAX Tri-City Commercial presents an exceptional opportunity with the offering of 10205 Plainview Ave. Secured gated 12 Units built in 1986 with combination of 4 two bedrooms and 8 one bedrooms with 20+ parking spaces. Most of the units have fire place in living room. The property is walking distance to Foothill shopping and transportation and bus station. Long term tenants. Most of the units have fire places and well maintained. Tujunga has been growing with new tenants moving from Glendale and La Crescenta areas and property price has been rising almost double in the last 7 years. Please do not go on the property. Drive by Only. See agents remarks for submitting offer criteria. Email agent for offering memorandum.
MEDIA AREA OF BURBANK. Great location. Corner property, with street and alley access. Two Buildings totaling 8474 sq. ft. Main Building is 6950 SF including loft offices. 3 Bathrooms, 2 Kitchens, Rollup door, Reception area, Conference Room, Private Offices, Warehouse Space. Second building: 1524 sq. ft. with Kitchen and Bathroom. On 11,324 sq. ft. Lot. Gated Onsite Parking for 13 cars, plus street parking. Security System. Due to Burbank's initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax.* Buyer to confirm tax benefits with the city of Burbank and all information listed above. Buildings were completely renovated in 2011. Close to Shopping, Entertainment, Airport, Transportation, Studios, Downtown Los Angeles and 5 Freeway.
5 Units in North Hollywood LAND VALUE We are proud to represent these two side-by-side buildings for land value. Its unit mix consists of (2) 1+1 units, (2) 2+2 units, and (1) 2+1 unit single family residence . With a lot size of 14,321 square feet, the property has a total of 4,196 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electric
We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018.Built in 2018 to condo specifications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed).The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors has 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steel appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is equipped with 8kwp solar panels and 9 EV chargers.Currently, this condo building is being operated as apartment rentals, and the building is 100% occupied with all tenants paying rent. Th
This property has 2 APN numbers and must be sold together (APN 2419-020-004 and APN 2419-020-005). Multiple buildings on property. Total lot square footage is approximately 11,860 sq. ft. and total building square footage is approximately 3702 sq. ft. Building is currently being used as a school. Located in the heart of North Hollywood with close proximity to Toluca Lake and Studio City, the 170 and 134 freeways. Owner will not carry. Buyer to perform due diligence with the County of Los Angeles and all public records regarding lot and building dimensions.
Old town Tujunga. Close to Historical Bolton House and Park. Great street for doing business. 1,560 sq. ft. of open ware house space with alley accesss. Has many types of uses. Warehouse, contruction yard, storage, food prosessing, retail, manufacturing. Front of property is open to Commerce with plenty of space for parking. Back off of alley has loading area. Great for most commercial, industrial and commercial businesses. Room in front of property to build and add on.
Welcome to your dream investment opportunity in Burbank! Located in a beautiful Rancho Adjacent neighborhood and within the highly rated Burbank Unified School District, this charming 8-unit apartment building is the epitome of comfort and convenience. Each unit boasts its own designated parking spot, ensuring hassle-free parking for all residents. The building features full copper plumbing and energy-efficient dual-pane windows, providing both durability and insulation. As you step onto the freshly paved asphalt driveway, you'll immediately notice the attention to detail and care put into this property. The doors on each unit have been recently updated and the newly applied stucco and fresh paint offer delightful curb appeal, while the new fascia and gutters enhance the overall aesthetic. Rest assured, the updates extend beyond the surface - the electrical system has been updated to meet modern standards. For added convenience, a community laundry facility is at the disposal of all residents, making laundry day a breeze. The front unit is a single family home comprising two bedrooms and one bathroom as well as its own water heater and laundry room. The 7-units in the back have a new commercial water heater and each unit has designated storage. Don't miss this incredible opportun
