Active
2005 Peyton Avenue
Burbank CA, 91504
$1,900,000
$132.39 per sqft
Active
0.33 Acres
Land
Listed by Vahik Beglarian with Coldwell Banker Hallmark 818-203-5471
INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME! The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream.
An Exceptional Investment Opportunity, property contains 5 bungalow style units, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy.
GD24182393
MLSⓇ ID
September 3, 2024
Listed
September 3, 2024
Updated
Map
2005 Peyton Avenue
Burbank CA, 91504
Exterior/Building Features
Lot Size
0.33 Acres
Sewer
Public Sewer
Other Property Details
Area Name
610 - Burbank
Garage
No
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Zoning
BUR4*
Listing Contact: 818-476-3000
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Data last updated on 9/3/2024 at 9:41 PM UTC