$1,322,000
$1,450,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
130 S Cordova ST Burbank, CA 91505
Key Details
Sold Price $1,322,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR16719436
Sold Date 11/30/16
HOA Y/N No
Year Built 1946
Property Description
Pride of ownership five unit non rent control apartment building located in the heart of the media district in Burbank that is within walking distance to Warner Brothers. Properties in this location rarely become available.
The building is a total of 2,976 square feet and is situated on a large 8,025 square foot lot. The units include (3) one bedroom one bath units and (2) studio units and was built in 1963. The rents are substantially below market and Burbank is not subject to rent control. The property has a nice courtyard feel and the back units have large backyards. Each tenant has their own garage and parking in front of the garage.
The city of Burbank is a highly desirable rental market and is know as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 134 freeway, and close proximity tot he Burbank Metro link.
The property is separately metered for electricity.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Heating Floor Furnace
Fireplace No
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Valley
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 2485024028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Cindy Hill • Keller Williams Realty - Studi