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Sold for $1,699,000 on 10/06/23
  • Listing Provided by: 

    Cameron Hunter DRE #01900152 818-845-9700,

    Media West Realty,Inc.

    $1,699,000

    221 N Myers St, Burbank, CA 91506

    --beds
    --baths
    2,953sqft
    Quadruplex
    Built in 1936
    -- sqft lot
    $1,751,800 Zestimate®
    $575/sqft
    $4,620 Estimated rent

    What's special

    Introducing 221 N Myers St, Burbank, CA – offering four immaculate residential units consisting of two duplex buildings on one large lot. There are three 2-bedroom + 1-bath units and one 2-bedroom + 2-bath unit, totaling 8 bedrooms and 5 baths. Located in a prime Burbank location, this investment opportunity is in close proximity to Warner Bros, Disney, Universal Studios, St. Joseph Hospital, Downtown Burbank, Burbank Airport, and just 10 minutes from Hollywood. The property's strategic position attracts residents and tenants seeking convenience and access to prominent studios, healthcare facilities, and entertainment centers. It is within walking distance of award-winning schools and renowned Burbank Parks and Recreation. With all four units fully occupied, this property presents a reliable income stream with appealing rental rates. Each unit at 221 N Myers St is meticulously maintained and designed to accommodate various residential needs. The complex brings in a strong rental income with quality tenants. From comfortable living spaces to functional layouts, these units cater to a wide range of tenants, ensuring long-term occupancy and rental stability. This turnkey property also features new roofs on both buildings, 2 carports, 2 locked garages, and a private patio and deck. Take advantage of its prime location and tremendous upside, including possible ADU expansion (check with the City of Burbank). Contact us today to seize this rare investment opportunity before it's too late.

    Zillow last checked: 7 hours ago

    Listing updated: October 09, 2023 at 04:18pm

    Listing Provided by:

    Cameron Hunter DRE #01900152 818-845-9700,

    Media West Realty,Inc.

    Bought with:

    Rina Agajanyan, DRE #01741938

    Remax Optima

    Source: CRMLS,MLS#: BB23123157MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Zoned
    Appliances
    • Laundry: Inside, Outside, See Remarks
    Features
    • All Bedrooms Up, All Bedrooms Down
    • Flooring: Laminate, See Remarks, Wood
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,953
    • Total interior livable area: 2,953 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Covered, Driveway
    • Garage spaces: 2
    • Carport spaces: 2
    • Covered spaces: 4
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 6,074 sqft
    • Features: Level, Near Park
    Details
    • Parcel number: 2444005005
    • Zoning: BUR3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1936

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Valley, Park
    Location
    • Region: Burbank

    Other

    Other facts
    • Listing terms: Cash to New Loan
    Services availability
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    Estimated market value

    $1,751,800