1700 Grismer Avenue

Burbank, CA 91504

$2,700,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1941

calendar_month Built

Property Description

This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potential—possibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset. Parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. A coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants. Notably, the last two units were originally one large single-family residence that has been divided into two separate units—this alteration may have been done without permits, and buyers should investigate accordingly. To enhance the appeal, the seller is offering seller financing, and is willing to carry the first trust deed with 40% down payment for a term of two years, with competitive interest rates. This is a rare chance to secure a valuable investment with favorable financing terms. Offers are subject to inspection

Listing Information

List Price $2,700,000
Status Active
MLS BB25062782
Type Residential Income
Subtype Apartment
Year Built 1941
Lot Size 10,603
Structure Size N/A
Courtesy Of Equity Union
Listing Agent Joyce Starleaf DRE#00782682
Co-Listing Agent Alison Tideback DRE#01334601

Interior Features

Laundry Information
Location(s) Common Area, In Garage
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Central Air
Heating Type
Heating Type Central

Maps

home_work Nearby Properties

Listing information courtesy of: Joyce Starleaf, Alison Tideback, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 22nd, 2025 at 3:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.