140 N Maple St, Burbank, CA 91505
140 N Maple St, Burbank, CA 91505
140 N Maple St, Burbank, CA 91505
140 N Maple St, Burbank, CA 91505
140 N Maple St, Burbank, CA 91505
140 N Maple St, Burbank, CA 91505
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$ 1,650,000
Est. payment | /mo

8 Beds

4 Baths

3,380 SqFt


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$ 1,650,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,380 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,380 sqft

Price per Sqft $488

MLS Listing ID 26988875

Bedrooms 8

Year Built 1947

Lot Size 6,882 Sqft

Acres 0.158

Property Sub-Type Multi-Family

Property Description

Situated near the intersection of Olive Avenue and Pass Avenue, the building sits just one block from world-famous Warner Bros. Studios. Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. Because there are no seismic retrofit repairs required (Buyer to verify), the property allows a new investor to save from an otherwise costly maintenance expense. The pitched roof and partial copper plumbing also help to reduce both utility and maintenance costs, allowing for more profitable property operations. Located just a half-mile from the Burbank-Toluca Lake border, the property grants residents convenient access to Studio City, the NoHo Arts District, Glendale, Griffith Park, and the Hollywood Hills. 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 Warner Bros. Studios, Disney Studios, Walt Disney Imagineering, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. Several noteworthy restaurants and retail destinations are within the surrounding blocks, including Equinox Burbank, Smoke House Restaurant, Olive & Thyme, Don Cuco Mexican Restaurant, and the Disney XD office building.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR4*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

Nearby Locations

GET MORE INFORMATION

Courtney Poulos
Courtney Poulos

Broker-Owner Lic# 01882678

+1(323) 919-0375

4516 Eagle Rock Blvd, Los Angeles, CA 90041

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140 N Maple St