Just SOLD! * 704 Whitnall Burbank Triplex * $812,000 *

 

Proud to have another sale in our books!

 

704 Whitnall Hwy in Burbank is a rare to find multi-unit right in the heart of Burbank. This triplex is fully occupied and monthly rental income is around $4,000. All but one tenant is on a month to month which allows our client flexibility on the leases. Burbank, similar to Glendale, has no rent control which provides landlords flexibility with increases and lease renewals. During escrow, we were able to aggressively negotiate an extra $6,000 of credits during our inspection period which helped pay for our client’s closing costs.

 

Thanks for a great 1st Quarter. Couldn’t have done any of this without everyone’s support. We’re excited to have an amazing 2016, and have more brewing. – See more at www.soldbyarbi.com

704 Whitnall Hwy