140 N Maple ST, Burbank, CA 91505
140 N Maple ST, Burbank, CA 91505
140 N Maple ST, Burbank, CA 91505
18
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$1,650,000
Est. payment /mo
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8 Beds
4 Baths
3,380 SqFt
New

140 N Maple ST Burbank, CA 91505

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,380 sqft

Price per Sqft $488

MLS Listing ID 26988875

Bedrooms 8

HOA Y/N No

Year Built 1947

Lot Size 6,882 Sqft

Property Description

Marcus & Millichap is pleased to announce the opportunity to purchase the 140 N Maple Street, a four-unit multifamily property located in Burbank, CA. Situated near the intersection of Olive Avenue and Pass Avenue, the building sits just one block from world-famous Warner Bros. Studios. Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. Because there are no seismic retrofit repairs required (Buyer to verify), the property allows a new investor to save from an otherwise costly maintenance expense. The pitched roof and partial copper plumbing also help to reduce both utility and maintenance costs, allowing for more profitable property operations. Located just a half-mile from the Burbank-Toluca Lake border, the property grants residents convenient access to Studio City, the NoHo Arts District, Glendale, Griffith Park, and the Hollywood Hills. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Warner Bros. Studios, Disney Studios, Walt Disney Imagineering, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. Several noteworthy restaurants and retail destinations are within the surrounding blocks, including Equinox Burbank, Smoke House Restaurant, Olive & Thyme, Don Cuco Mexican Restaurant, and the Disney XD office building.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2485006018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019

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140 N Maple ST

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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