231 – 235 East Valencia Avenue
Burbank, CA 91502
Represented the seller in the sale of this eight unit multifamily property; two well maintained single-story, courtyard-style four unit buildings situated on two (2) separate parcels; each building is comprised of one (1) two bedroom, one bathroom unit and three (3) one bedroom, one bathroom units; the property is 5,004 total square feet of building (per Assessor) on 15,406 total square feet of land; the buildings were constructed in 1946; the units are separately metered for gas and electricity; individual hot water heaters and laundry hook-ups in each of the units; generous upside in rents; parking is eight spaces in eight single-car, closed garages oﬀ the alley; copper plumbing throughout; most windows replaced; hip roofs; some units upgraded in terms of ﬂooring, countertops and cabinetry; located just south of Glenoaks Boulevard and east of Verdugo Avenue only 1/2 mile from Downtown Burbank. For more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.
The Federal Reserve raised its key short-term interest rate by a quarter percentage point, pushing ahead with its aggressive campaign to tame inflation despite financial turmoil following Silicon Valley Bank’s collapse. Full Story
Inflation showed continued signs of cooling off in February but remained stubbornly high and well above the Federal Reserve’s 2% target in the year’s second month, according to the latest data from the Bureau of Labor Statistics Full Story
Across-the-board increases in shelter, food and energy boosted the index after inflation had shown signs of receding in recent months. “Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago. Full Story