Active
$2,995,000
8 Units
16 Beds
8 Baths
6,800 Area(sq.ft.)
Lot: 13,971 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,500 | $ 2,500 | $ 2,875 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,500 | $ 2,500 | $ 2,875 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,240 | $ 2,240 | $ 2,875 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,200 | $ 2,200 | $ 2,875 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,175 | $ 2,175 | $ 2,875 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,250 | $ 2,250 | $ 2,875 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,200 | $ 2,200 | $ 2,875 |
| Unit 8 | 1 | 2 | 1 | No | $ 2,200 | $ 2,200 | $ 2,875 |
| 8 | 16 | 8 | $ 18,265 | $ 18,265 | $ 23,000 |
| MLS #: | GD25112025IT |
| Days On Market: | 199 |
| Listing Date: | May 20, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 440 |
| Price per unit: | $ 374,375 |
| Year Built: | 1944 |
Property Details
The Grismer Apartments is located in Burbank, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the shopping and eateries located at the Empire Center and Downtown Burbank. The City of Burbank offers not only a quiet corner to call home but also some of the most major production studios in the entertainment industry! It is also ideally centered near a few major freeways, making it a short distance to cities like Glendale, Toluca Lake and Sherman Oaks. The apartment complex has 8 units in total and features an excellent unit mix. The property consists of all 2 bedroom 1 bathroom units. The property has been so well maintained and has lots of curb appeal. The location incorporates the perfect balance between the coziness of the City of Burbank and the liveliness of being minutes away from hot spots throughout Los Angeles. This premier property is a unique opportunity for an investor looking to expand their portfolio into one of the leading neighborhoods in Los Angeles County!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 58,117 |
| Net Operating Income: | $ 162,682 |
| Actual Gross Rent: | $ 220,800 |
Structure
| Community Features: | Curbs, Park, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | BUR4* |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| Laundry: | Laundry Area |
| Laundry Income: | 1620.00 |
Exterior
| Pool: | No |
Detailed Map
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Income
