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$1,120,000
Est. payment /mo
4 Beds
4,406 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25170504
Bedrooms 4
Lot Size 4,406 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash
Property Type Res Income 2-4 Units
Property Description
Prime Burbank Investment Opportunity with Dual Income Potential Presenting a rare chance to own two separate residences on a single lot in the heart of Burbank: 2014 and 2016 Peyton Avenue. This well-maintained property offers excellent income potential, with each unit featuring separate gas, electric, and water meters. Tenants are responsible for all utilities and waste disposal, making this a low-maintenance investment. Both homes are equipped with central air conditioning and heating, ensuring year-round comfort. - 2014 Peyton Avenue (Front Unit): A charming single-story residence featuring 2 bedrooms, 1 bathroom, and an uncovered parking space. Thoughtfully updated and filled with natural light, this home offers a comfortable layout ideal for long-term tenants or owner occupancy. - 2016 Peyton Avenue (Rear Unit): A spacious two-story home with a flexible floor plan. The upper level offers 2 bedrooms, 1 bathroom, and a balcony off the living roomperfect for enjoying Burbanks pleasant climate. The lower level includes bonus space, an unpermitted kitchenette and an unpermitted bathroom, adding versatile options for extended living or guest quarters. The unit also features a two-car garage for added convenience. Both residences have been tastefully remodeled and are meticulously maintained, reflecting true pride in ownership. Whether you're looking to invest or occupy one unit while renting the other, this exceptional property delivers strong rental income potential in a desirable location.
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of Grismer Ave. and East of Parish Pl.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2468024007
Acceptable Financing Cash
Listing Terms Cash
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Listed by Judy Stevens Coldwell Banker Hallmark Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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