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$1,982,000

Est. payment - /mo

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8 Beds

8 Baths

5,283 SqFt

New

707 E Palm AVE Burbank, CA 91501

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Arlena Gray

arlena.gray@gmail.com +1(562) 244-6733

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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 (house) with exquisite woodwork, stonework, stained glass, and a private pool, plus three additional townhomes 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! CALL NOW! As a bonus to you, here some very helpful info for you to look into, and expand your knowledge of, prior to viewing the property: The main residence, which is a house, 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 the house of 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 only photos of the main residence, and of one of the townhouses are provided. To protect the privacy of the tenant, the pictures of the townhouse have all household items removed - yes, the space is that beautiful! All townhouses have skylight also. All the townhouses, as well as the main residence, have newer dual pane windows, to maintain indoor stable temperatures. The main residence is available for viewing at any time requested, as well as in open houses. CALL NOW! The townhouses will be available for viewing for the accepted offer only. https://www.themls.com/showing/request/26104648 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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Arlena Gray

+1(562) 244-6733

arlena.gray@gmail.com

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