730 E Magnolia Blvd, Burbank, CA 91501

Property Description

First time on the market - EVER! Built by the Lamer family in 1959 and carefully maintained, this five-unit apartment building is ideally located in the prime and popular Burbank hillside area, just below Kenneth Road. It is convenient to everything Burbank has to offer, just a few short blocks from the Downtown area with its shopping, restaurants, theaters, etc. It's close to hiking trails, public transportation, the DeBell Golf course and a short drive to the Media District and all of the studios making it very attractive to tenants. All of the units are currently rented on month-to-month agreements. There are four large single-story one-bedroom units in the front building with screened front and rear doors and a spacious two-bedroom second floor unit located near the five-car carport at the rear of the property. The two-bedroom upper unit has a private balcony and views of the mountains and the valley. It would make an ideal owner's unit. All of the units have copper plumbing, dual glazed energy efficient windows, wall a/c units and wall heaters, carpet and vinyl flooring, a dishwasher, gas range with lights/fan hood, and garbage disposal. Four of the units have refrigerators provided by the Landlord. There is a community laundry room with coin operated machines providing additional income. The apartments are separately metered for gas and electric. Water is master metered. Exterior lighting and automatic sprinklers for the nicely landscaped front yard.