$3,445,000

Lee & Associates Investment Services Group is pleased to present 4114-4116 Warner Boulevard, an eight unit apartment property located in the landlord and business friendly, family oriented City of Burbank. The property is conveniently located near major entertainment and retail destinations such as Universal City, Burbank Town Center, The Empire Center, Griffith Park and the Hollywood Sign. Notable employers in the area include Warner Bros. Studios, The Walt Disney Company, ABC-7, Walt Disney Animation Studios and Providence St. Joseph Medical Center. Burbank is a suburb of Los Angeles that sits on the eastern end of the San Fernando Valley, just 13 miles north of Downtown Los Angeles. It is perhaps best known as home to numerous motion picture, television, and animation studios. A plethora of adjunct businesses, like post-production facilities, craft services operations, et al. also reside within its borders. The Warner Apartments is an 8 unit, two story apartment building situated on a large 10,088sf lot, and is comprised of (4) two bedroom and one bath and (4) one bedroom and one bath apartments. All but one of the units have been remodeled. These spacious, open floor plan units include refinished hardwood flooring, stainless steel appliances including ranges, refrigerators, dishwashers, stacked washer/dryers (2 BR's only). Please note the current owner have been achieving 98% rent collections throughout the COVID-19 pandemic. The Warner Apartments features 8 detached carport parking spaces and all units are individually metered for electricity and gas with individual gas hotwater heaters. The Subject is situated in South Burbank, just steps from Warner Bros. Studios and just minutes to Disney, Burbank and Universal Studios. The affluent Los Angeles suburb known as Toluca Lake is a couple blocks to the west. The Warner Apartment's excellent location & proximity to major freeways, such as the Ventura (134), Golden State (5) and San Diego Freeways provide ready access to Downtown LA, Hollywood, Venice & Santa Monica beaches, University of Southern California, numerous city colleges, the Burbank Airport, employment, schools, healthcare, cultural centers, restaurants, shopping and recreation.