Levon Alexanian
This listing was posted on RealtyWW.
$5,150,000
Home For Sale In Burbank, California
Price:
$5,150,000
BR/BA:
10+ BR, 10+ BA
Location:
231 E Burbank Blvd, Burbank, CA
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 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.For more details: https://realtyww.info/homes_burbank-d523821/for-sale_i69918981
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More About this Listing: Home For Sale In Burbank, California
Home For Sale In Burbank, California is a 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale at 231 E Burbank Blvd in Burbank CA. Find other listings like Home For Sale In Burbank, California and listings near 231 E Burbank Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale in Burbank CA.
Home For Sale In Burbank, California is a 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale at 231 E Burbank Blvd in Burbank CA. Find other listings like Home For Sale In Burbank, California and listings near 231 E Burbank Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale in Burbank CA.