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Multifamily Property Sold For $2,500,000


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.