707 E Palm Ave, Burbank, CA 91501
707 E Palm Ave, Burbank, CA 91501
707 E Palm Ave, Burbank, CA 91501
47
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$1,982,000
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8 Beds
8 Baths
5,283 SqFt
New

707 E Palm Ave Burbank, CA 91501

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,283 sqft

Price per Sqft $375

MLS Listing ID 26104648

Bedrooms 8

Year Built 1964

Lot Size 7,650 Sqft

Property Sub-Type Multi-Family

Property Description

BURBANK'S OPPORTUNITY OF THE YEAR! FOUR RESIDENCES. ONE EXCEPTIONAL INVESTMENT. Discover a rare California gem featuring a distinctive, character-filled main residence (house) with exquisite woodwork, stonework, stained glass, and a private pool, plus three additional townhomes on one lot. The main residence is delivered vacant, while the three townhomes provide rental income, each with its own one-car garage and storage. The property also offers potential for future expansion or development, subject to zoning, permits, and approvals. Enjoy the best of Southern California living near the dining, shopping, boutiques, and entertainment of Downtown Burbank and Magnolia Park. Families will appreciate the great schools in the stellar Burbank Unified School District. LIVE IN YOUR OWN CALIFORNIA RETREAT WHILE YOUR INVESTMENT WORKS FOR YOU! Four residences, a gorgeous heated and filtered private pool, rental income, and exciting possibilities for future growth - all in one extraordinary property! As a bonus to you, here some very helpful info for you to look into, and expand your knowledge of, prior to viewing the property: The main residence, which is a house, was owner occupied, and it is delivered empty. The photos of the main residence show exactly what you see when you come in. The Airbnb market for the house of this size and location is $1,500-$2,500 a night, while the current residential rental rate is $4,000-$4,500 a month. The three townhouses that are occupied have the same exact layout; that's why only photos of the main residence, and of one of the townhouses are provided. To protect the privacy of the tenant, the pictures of the townhouse have all household items removed - yes, the space is that beautiful! All townhouses have skylight also. All the townhouses, as well as the main residence, have newer dual pane windows, to maintain indoor stable temperatures. The main residence is available for viewing at any time requested, as well as in open houses. The townhouses will be available for viewing for the accepted offer only. PLEASE NOTE: ALL CALCULATIONS, INFORMATION, AND CONTENT IN THIS LISTING SHOULD BE VERIFIED AND SHALL NOT BE DEEMED GUARANTEED.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR3*

Rooms

Other Rooms None

Dining Room 0

Kitchen Quartz Counters, Counter Top, Stone Counters

Interior

Interior Features Detached/No Common Walls, Open Floor Plan, Storage Space

Heating Central, Electric

Cooling Wall/Window, Central, Electric

Flooring Tile, Wood, Carpet

Fireplaces Type Gas and Wood

Equipment Range/Oven, Refrigerator, Antenna, Freezer, Washer, Dishwasher, Dryer, Ceiling Fan, Water Line to Refrigerator, Water Filter, Microwave, Cable

Laundry Room

Exterior

Parking Features Attached, Auto Driveway Gate, Garage - 4+ Car, Oversized, Driveway - Combination, Garage Is Attached, Private Garage

Garage Spaces 5.0

Pool Fenced, Safety Fence

Building

Lot Description Fenced, Back Yard, Lawn, Alley Paved, Street Lighting, Street Paved, Lot-Level/Flat, Fenced Yard, Front Yard, Gutters, Yard, Sidewalks

Story 2

Foundation Raised

Level or Stories Two

Structure Type Brick, Glass, Stone, Wood Siding

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by eXp Realty of Greater Los Angeles

NEARBY SCHOOL & BUSINESS

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Roxana Fierro

Roxana Fierro

Agent

+1(702) 576-1282

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707 E Palm Ave