1814 Grismer Avenue
$5,500,000
14
16
9,906
9,906
$555
Description
The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive...The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1814 Grismer Avenue
Zoning
BUR4*
Parcel Number2468005023
Total Units14.0
Living Area9906
Source Living AreaVendor Enhanced
AreaBurbank (610)
Vacancy Rate0
Lot Size Area10112
LISTING UPDATED: 11/12/2024 12:01 AM
Property Details for 1814 Grismer Avenue
Status | Active |
---|---|
MLS # | 24-460053 |
Days on Market | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.23 AC / 10,112 SF |
County | Los Angeles County |
Building Information for 1814 Grismer Avenue
Stories2Residences-Year Built1961Building Size-Lot Size0.23 AC / 10,112 SF
Property Information for 1814 Grismer Avenue
Property History for 1814 Grismer Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1814 Grismer Avenue
Taxable ValueLand$1,661,229Additions$2,503,222Total$4,164,451
Tax Record2024$47,356 ($3,946 / month)
Home Facts
Total Finished SqFt9,906 SqFtAbove Grade Finished SqFt9,906 SqFtLot Size10,113 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningBUR4*CountyLOS ANGELESAPN2468-005-023
Schools near 1814 Grismer Avenue
This home is within Burbank Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Thomas Jefferson Elementary School PublicK to 5 | ||
John Muir Middle School Public6 to 8 | ||
Burbank High School Public9 to 12 | ||
Magnolia Park School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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