Sold

Closed

115 N Myers Street

Burbank CA, 91506

$2,325,000


$348.05 per sqft

Sold

Closed

12 Beds

9 Baths

6,680 sqft

Residential

Built in 1955

Listed by Gregory Shindler with Marcus & Millichap 310-903-7667

Major Price Reduction! The Shindler Group is pleased to present 115 N Myers St, a 7-unit apartment building located in Burbank, CA. Built in 1955, this property consists of three (3) 1 Bedroom+1 Bathroom units, (1) 2 Bedroom + 2 Bathroom units, (2) 2 Bedroom + 1 Bathroom units, and (1) 3 Bedroom + 2 Bathroom unit. The building is 6,680 gross square feet and sits on a 10,336 square foot lot that is Burbank R3 zoned. On the market for the first time in 45+ years, the family has meticulously cared for this property over the years. At first sight you'll notice the lush landscaping and new windows, giving the property unique curb appeal typically not seen in vintage builds. Situated on a clean and quiet residential street, tenants enjoy convenient access to major employers including Walt Disney Studios and Warner Brothers Studios. This prime location offers tenants immediate access to the 134 Freeway, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 115 N Myers St, presents a compelling value-add opportunity for investors. Priced attractively at $335,000 per unit and $351 per square foot, this property is poised to deliver excellent returns.

24418291

MLS ID

July 22, 2024

Listed

October 17, 2024

Updated

Map

115 N Myers Street
Burbank CA, 91506

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

9


Appliances

Dishwasher, Dryer, Washer


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.24 Acres

Other Property Details

Area Name

610 - Burbank


Days on Market

41


Garage

Yes


Garage Spaces

1


Parking

Carport, Door-Single, Garage


Parking Total

8


View

No


County

Los Angeles


Pool

No


Zoning

BUR3*

Listing History

Date

Event

Price

9/16/2024

Sold

$2,325,000

8/16/2024

Price change

$2,350,000

-11%

Listing Contact: 818-212-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 6:46 AM UTC

 

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