Property Photo: 2005 Peyton Avenue CA 91504

Listing Courtesy of: CRMLS / Coldwell Banker Hallmark Realty / Vahik Beglarian - Contact: 818-203-5471

2005 Peyton Avenue Burbank, CA 91504

Active (13 Days)

$1,900,000

0.33

ACRES

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Description

INCREDIBLE NORTH BURBANK LOCATION, THIS COULD BE AN INVESTMENT OF LIFETIME! The expansive 14,342 SQFT lot provides ample space for multiple vehicle parking and a tranquil oasis with lots of fruit trees in the heart of Burbank, Zoned BUR4 which offers a huge upside potential for development of a new multi-family apartment building or a condominium project. Burbank is and will most likely always be one of the highest demands, small self-incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. Good quiet, yet EZ to access location. Property offers a huge upside potential of adding ADU units, Garage conversion to an ADU unit and rental rate increase with moderate upgrading of the units, this property is truly an investor's dream.

An Exceptional Investment Opportunity, property contains 5 bungalow style units, 3,193 SQFT of existing living space which consist of a two-bedroom house, two single units, and two one-bedroom units, fully occupied property with month-to-month tenancy.

MLS #:
GD24182393

Lot Size
0.33 acres

Type
Land

County
Los Angeles County

Listed By

Vahik Beglarian, DRE #00941552 CA, Coldwell Banker Hallmark Realty, Contact: 818-203-5471

Source
CRMLS
Last checked Sep 16 2024 at 7:00 PM GMT+0000

Bathroom Details

Utility Information

Utilities: Water Source: Public
Sewer: Public Sewer

Additional Information: Hallmark Realty | 818-203-5471

Location

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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.