707 E Palm AVE, Burbank, CA 91501
707 E Palm AVE, Burbank, CA 91501
707 E Palm AVE, Burbank, CA 91501
47
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$1,982,000
Est. payment /mo
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8 Beds
8 Baths
5,283 SqFt
Open Sun 12PM-5PM

707 E Palm AVE Burbank, CA 91501

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Analise Elizondo

Analise Elizondo

+1(559) 389-1288

Open House

Sun Nov 08, 12:00pm - 5:00pm

Sat Nov 07, 10:00am - 5:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,283 sqft

Price per Sqft $375

MLS Listing ID 26104648

Bedrooms 8

HOA Y/N No

Year Built 1964

Lot Size 7,649 Sqft

Lot Dimensions Assessor

Property Description

BURBANK'S OPPORTUNITY OF THE YEAR! FOUR RESIDENCES. ONE EXCEPTIONAL INVESTMENT. Discover a rare California gem featuring a distinctive, character-filled main residence with exquisite woodwork, stonework, and stained glass, a private pool, and three additional townhomes - all on one lot. The main residence is delivered vacant, while the three townhomes provide rental income, each with its own one-car garage and storage. The property also offers potential for future expansion or development, subject to zoning, permits, and approvals. Enjoy the best of Southern California living near the dining, shopping, boutiques, and entertainment of Downtown Burbank and Magnolia Park. Families will appreciate the great schools in the stellar Burbank Unified School District. LIVE IN YOUR OWN CALIFORNIA RETREAT WHILE YOUR INVESTMENT WORKS FOR YOU! Four residences, a gorgeous heated and filtered private pool, rental income, and exciting possibilities for future growth - all in one extraordinary property! Additional info to look into prior to viewing the property: the main residence was owner occupied, and it is delivered empty. The photos of the main residence show exactly what you see when you come in. The Airbnb market for this size and location is $1,500-$2,500 a night, while the current residential rental rate is $4,000-$4,500 a month. The three townhouses that are occupied have the same exact layout; that's why the listing has only photos of the main residence, and of one of the townhouses. To protect the privacy of the tenant, the pictures of the townhouse have all household items removed - yes, the space is that beautiful! The townhouses have skylight also. All 4 structures have newer dual pane windows, to maintain indoor stable temperatures for comfort and cost efficiency. The main residence is available for viewing at any time requested, as well as in open houses. The townhouses will be available for viewing for the accepted offer only. PLEASE NOTE: ALL CALCULATIONS, INFORMATION, AND CONTENT IN THIS LISTING SHOULD BE VERIFIED AND SHALL NOT BE DEEMED GUARANTEED.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR3*

Interior

Interior Features Ceiling Fan(s), Open Floorplan, Storage, Walk-In Closet(s)

Heating Central, Electric

Cooling Central Air, Electric, Wall/Window Unit(s)

Flooring Carpet, Tile, Wood

Fireplace No

Appliance Convection Oven, Dishwasher, Gas Range, Microwave, Oven, Refrigerator, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Driveway, Electric Gate, Oversized, Private

Garage Spaces 5.0

Garage Description 5.0

Pool Fenced

Porch Porch

Total Parking Spaces 5

Building

Lot Description Back Yard, Front Yard, Lawn, Yard

Story 2

Entry Level Two

Foundation Raised

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2455032022

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Zana Zefi eXp Realty of Greater Los Angeles #02251852

NEARBY SCHOOL & BUSINESS

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Analise Elizondo

Analise Elizondo

Broker Associate License ID: 02001183

+1(559) 389-1288

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707 E Palm AVE