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115 N Myers St Burbank, CA 91506
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Key Details
Sold Price $2,325,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,680 sqft
Price per Sqft $348
MLS Listing ID 24-418291
Sold Date 09/13/24
Bedrooms 12
Year Built 1955
Lot Size 10,339 Sqft
Acres 0.2374
Property Description
Major Price Reduction! The Shindler Group is pleased to present 115 N Myers St, a 7-unit apartment building located in Burbank, CA. Built in 1955, this property consists of three (3) 1 Bedroom+1 Bathroom units, (1) 2 Bedroom + 2 Bathroom units, (2) 2 Bedroom + 1 Bathroom units, and (1) 3 Bedroom + 2 Bathroom unit. The building is 6,680 gross square feet and sits on a 10,336 square foot lot that is Burbank R3 zoned. On the market for the first time in 45+ years, the family has meticulously cared for this property over the years. At first sight you'll notice the lush landscaping and new windows, giving the property unique curb appeal typically not seen in vintage builds. Situated on a clean and quiet residential street, tenants enjoy convenient access to major employers including Walt Disney Studios and Warner Brothers Studios. This prime location offers tenants immediate access to the 134 Freeway, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 115 N Myers St, presents a compelling value-add opportunity for investors. Priced attractively at $335,000 per unit and $351 per square foot, this property is poised to deliver excellent returns.
Location
State CA
County Los Angeles
Area Burbank
Zoning BUR3*
Rooms
Other Rooms None
Interior
Heating Central
Cooling Window Unit(s)
Equipment Dishwasher, Dryer, Washer
Laundry Community
Exterior
Garage Carport, Garage - 1 Car
Garage Spaces 8.0
Building
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap