231 East Burbank Boulevard
231 East Burbank Boulevard
$5,150,000
8
16
10,596
10,596
$486
Description
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...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 the subject property is said to be a game changer and transformative almost to the likes of Americana and Glendale. This once-in-a-lifetime acquisition opportunity allows for multiple investment strategies. The asset is essentially rent control proof since the units are individually parceled for a potential condo sell-out exit strategy. Offering memorandum available upon request.
- Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center • info@alexanianadvisors.com
Property Details for 231 East Burbank Boulevard
Parking Spaces Total
0
Private PoolNo
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area10596
Assessor Parcel Number2460-006-060
Property Attached YNtrue
Location
LISTING UPDATED: 03/18/2024 04:44 AM
Property Details for 231 East Burbank Boulevard
Status | Active |
---|---|
MLS # | SR24054071 |
Days on Market | 42 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2006 |
County | Los Angeles County |
Location
Building Information for 231 East Burbank Boulevard
Building/Complex231 E Burbank BlvdFloor-Stories3Residences-Pet Policy-Year Built2006Building Size-
Payment Calculator
$30,455 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 231 East Burbank Boulevard
Property History for 231 East Burbank Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 231 East Burbank Boulevard
Taxable ValueLand$562,285Additions$1,863,912Total$2,426,197
Tax Record2023$28,184 ($2,349 / month)
Home Facts
Total Finished SqFt10,596 SqFtAbove Grade Finished SqFt10,596 SqFtLot Size8,312 SqFtStyleMulti-Family Res (5+ Units)Year Built2006ZoningBUR4*CountyLOS ANGELESAPN2460-006-060
Schools near 231 East Burbank Boulevard
This home is within Burbank Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Ralph Emerson Elementary School PublicK to 5 | ||
John Muir Middle School Public6 to 8 | ||
Burbank High School Public9 to 12 | ||
Burbank Usd Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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