Listing Provided Courtesy ofKeller Williams Encino-sherman Tour
We are pleased to present for sale 11120 Burbank and 5553 Fulcher, a mixed-use property. The subject consists of 6 residential apartments and 8 offices. The property is situated on a ~ 10,342 SF corner lot and there are two buildings with 16 onsite parking spaces. Actual income of $128,499. Two buildings on one lot. 11120 Burbank Blvd (offices) was built in 1923 and 5553 Fulcher Ave (apartments) was built in 1959. The property is near the metro Red and Orange Lines and close to shopping, dining, and entertainment venues. The offices are not subject to rent control. There is upside in rents in the offices. All the offices are on month-to-month leases and pay their own utilities. The offices can be used by an owner who wants to operate their own business through which an SBA loan can possibly be obtained. (buyer to investigate uses) See attached offering memorandum in supplements.
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Listing Courtesy ofKeller Williams Encino-sherman