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1019 Spazier Avenue
Burbank, CA 91502
Sold
Paul Kott Realtors, Inc. – Commercial Division is pleased to present this multifamily investment opportunity in prime Burbank. 1019-1023 East Spazier Avenue offers eight charming bungalow style units in a prime location situated walking distance to Ralph’s, Trader Joe’s, Starbucks, CVS, Walgreens, and several other shopping and dining options making it attractive for any tenant to live so close to convenience. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles located walking distance to downtown Burbank, 0.3 miles to the 5 Freeway, and approximately 3 miles to Warner Bros. Studios. Additionally, the property is not subject to any local or city rent control and only subject to AB-1482. The property sits on a double lot totaling 16,900 SF of land with 5,722 SF of rentable space consisting of (2) two-bedroom, one bath units and (6) one-bedroom, one bath units. Each unit maintains its own washer and dryer and is separately metered for electricity and gas which the tenants pay for. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset for long term appreciation. Please contact listing agent for Offering Memorandum. *DO NOT ENTER ONTO PROPERTY WITHOUT SELLER'S WRITTEN CONSENT*
PROPERTY INFORMATION
| MLS # | PW23060870 | Lot Size | 16,900 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,998,000
Price Per SqFt: $ 524 |
DOM | 757 Days |
| Address | 1019 Spazier Avenue | Type | Residential Income |
| City | Burbank | Sq.Ft. | 5,722 Sq. Ft. |
| Postal Code | 91502 | Garage | 2 |
| County | Los Angeles | Year Built | 1940 |
| Bed / Bath | 3 / 0 | Parking | 2 |
| Built In | 1940 | Status | Closed |
| Sold Date | 2023-06-23 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Kitchen |
| EntryLocation | Street |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,198
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/23/2023 | Sold | $3,000,000 |
| 05/09/2023 | Pending | $2,998,000 |
| 04/12/2023 | Listed | $2,998,000 |
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(844)-333-8033
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Listing provided courtesy of Brett Cervantes, Paul Kott Realtors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
