2005 Peyton Avenue
Burbank, CA 91504
Active for $1,900,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 14,352 sqft
| MLS | GD24182393 |
| Year Built | |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,900,000 |
| Structure Size | N/A sqft |
| Lot Size | 14,352 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Vahik Beglarian, Coldwell Banker Hallmark . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 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.
Location
Contact a Local Realtor®
Mike Tchakmakjian
REALTOR®
Direct: 310.880.8336
Email: Email Me
DRE: 02082574
DRE #01873088
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