856 Screenland Drive
Wonderful Garden-style 3 Unit Income Property in Burbank. Front Unit is a charming traditional home with 2BR + bonus rec room. Rear unit is a classic 2-story duplex (each unit 1BR). This 3-unit income producer has great curb appeal on a street with many remodeled single family homes. Great dining and parks nearby too. Property offers a friendly shared courtyard with mature succulents, grassy lawns, and private gates. Stable longterm tenants that are high-quality paying and on time month-to- month.
Upgrades include new floors and vanity in 2 of the units + new exterior door in front unit + newer hot water heaters + washer/dryer hook-ups (in garage). Newer masonry wall construction on south side. 2 Garages (4 total covered spots). Property currently generates $38,160 annual gross, but has upside potential to “value add”. Priced according to annual gross, and pro-forma is $68,400 gross annual.
Prime Burbank location, adjacent to all the studios (Disney, Warner Bros, etc), many places of business, and all the cool cafes and shops on Verdugo. Great opportunity and great price! Inside with Accepted Offer Only. Please inquire with listing office prior to submission.