Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
Burbank, CA 91504,1700 Grismer Avenue
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$ 2,650,000
Est. payment | /mo

3,875 SqFt


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$ 2,650,000
Est. payment | /mo
Save

3,875 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,875 sqft

Price per Sqft $683

MLS Listing ID CRBB25062782

HOA Y/N No

Year Built 1941

Lot Size 10,603 Sqft

Acres 0.24

Property Sub-Type Other

Property Description

This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potential—possibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset. Parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. A coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants. Notably, the last two units were

Location

State CA

County Los Angeles

Zoning BUR4

Interior

Heating Other

Cooling Central Air

Fireplace No

Laundry In Garage, Other

Building

Lot Description Level, Other, Back Yard, Front Yard

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 2468007030

Bridge MLS
Listed by Joyce Starleaf • Equity Union

GET MORE INFORMATION

agent
Kenneth Jamaca

Managing Broker | REALTOR | License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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1700 Grismer Avenue