536 East Cypress Avenue
$5,298,000
26
26
15,012
15,012
$353
Description
First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms....First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. Please do not disturb tenants. Inspection upon accepted offer.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 536 East Cypress Avenue
Zoning
BUR4*
Parcel Number2455038011
Total Units13.0
Living Area15012
Source Living AreaAssessor
AreaBurbank (610)
Vacancy Rate1
Lot Size Area9890
LISTING UPDATED: 10/01/2024 12:01 AM
Property Details for 536 East Cypress Avenue
Status | Active |
---|---|
MLS # | 24-440913 |
Days on Market | 60 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.23 AC / 9,890 SF |
County | Los Angeles County |
Building Information for 536 East Cypress Avenue
Stories3Residences-Year Built1986Building Size-Lot Size0.23 AC / 9,890 SF
Property Information for 536 East Cypress Avenue
Property History for 536 East Cypress 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 536 East Cypress Avenue
Taxable ValueLand$345,275Additions$1,381,140Total$1,726,415
Tax Record2024$20,654 ($1,721 / month)
Home Facts
Total Finished SqFt15,012 SqFtAbove Grade Finished SqFt15,012 SqFtLot Size9,862 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningBUR4*CountyLOS ANGELESAPN2455-038-011
Schools near 536 East Cypress 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 - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Ralph Emerson Elementary School PublicK to 5 | ||
John Muir Middle School Public6 to 8 | ||
Burbank High School Public9 to 12 | ||
Burbank Usd Community Day School Public7 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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