Burbank, CA 91506,115 N Myers ST
Burbank, CA 91506,115 N Myers ST
Burbank, CA 91506,115 N Myers ST
$2,325,000
Est. payment /mo
$2,350,000
1.1%
Est.Price: ?

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12 Beds
9 Baths
6,680 SqFt
SOLD DATE : 09/13/2024

Key Details

Sold Price $2,325,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,680 sqft

Price per Sqft $348

MLS Listing ID 24418291

Sold Date 09/13/24

Bedrooms 12

HOA Y/N No

Year Built 1955

Lot Size 10,341 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR3*

Interior

Heating Central

Fireplace No

Appliance Dishwasher, Dryer, Washer

Laundry Common Area

Exterior

Garage Carport, Door-Single, Garage

Garage Spaces 1.0

Carport Spaces 7

Garage Description 1.0

Parking Type Carport, Door-Single, Garage

Total Parking Spaces 8

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2444006008

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gregory Shindler • Marcus & Millichap
Bought with Gregory Shindler • Marcus & Millichap

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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