#SR25071590, Mark Rogerson, Listing Office: Jack Easton
#BB25062782·
Listing office: Equity Union·
Listing agent: Joyce Starleaf·
Listing office phone: 818-612-0514
$2,599,000 List price
1700 Grismer Ave Burbank, CA 91504
0.2 acres
Condo
Property details
About 1700 Grismer Ave
Just reduced! Owner will carry the 1st trust deed with 40% down for 4 years. First year to be 5%, second year to be 6%, third year to be 7% and the fourth year to be 8%. Perfect opportunity to obtain this investment and have lower interest rates for the first years to make improvements or additions. This is an incredible value-add opportunity situated in a highly desirable area of Burbank. Boasting a generous 10,603 sq. ft. lot, this property offers significant development potential—possibility to build up to 10 units, subject to verification and approval by the City of Burbank. Buyers are encouraged to conduct their own due diligence with the city to explore the full scope of development options. Currently, the property features six well-maintained residential units, thoughtfully distributed across three separate garden-style buildings. The unit mix includes: Three (3) units with 1 bedroom and 1 bathroom, and Three (3) units with 2 bedrooms and 1 bathroom. Each unit offers a comfortable and functional living space, and five out of six units are equipped with central heating and air conditioning for year-round comfort. The interiors have been meticulously maintained, reflecting pride of ownership, and several long-term tenants add stability to this income-producing asset. Parking accommodations include a 4-car carport and three uncovered parking spaces, offering a total of 7 on-site parking spots. A coin-operated laundry area, conveniently located within one of the carports, provides additional income potential and convenience for tenants. Notably, the last two units were originally one large single-family residence that has been divided into two separate units—this alteration may have been done without permits, and buyers should investigate accordingly. To enhance the appeal, the seller is offering seller financing, and is willing to carry the first trust deed with 40% down payment for a term of two years, with competitive interest rates. This is a rare chance to secure a valuable investment with favorable financing terms. Offers are subject to inspection
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.2434 Acres
Year built1941
MLS #BB25062782
Garage6 spaces
Summary
- Fireplace: None
- Garage Space: 6 spaces
- Private Pool: No
- Architectural Style: Bungalow
- Heating: Central
- Cooling: Central Air
- List Price: $2,599,000
- Annual Tax Amount: $7,089
- Tax Year: 2024
- Lot: Back Yard, Front Yard, Level, Rectangular Lot
- Directions: North of San Fernando Rd. South of Glenoaks
- Year Built: 1941
- Stories: 1
- Lot Size: 0.2434 Acres
- MLS Number: BB25062782
- MLS Name: CRMLS
- Office Name: Equity Union
- Office Phone: (818) 612-0514
- Listing Agent: Joyce Starleaf
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 12:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,599,000
1700 Grismer Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 17, 2000 | Home Sold | $315,000 |
| Dec 14, 1993 | Home Sold | $21,000 |
| May 10, 1989 | Home Sold | $205,000 |
| May 10, 1989 | Home Sold | $205,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $564,653 | $7,089 |
| 2023 | $553,647 | $7,022 |
| 2022 | $542,857 | $6,733 |
| 2021 | $532,278 | $6,689 |
| 2020 | $523,555 | $6,444 |
| 2019 | $513,291 | $6,298 |
| 2018 | $503,227 | $6,134 |
| 2017 | $493,361 | $6,134 |
History based on county public records data.
Nearby schools
7
Thomas Jefferson Elementary School
Public District KG-5
0.4 mi
•1900 N 6th St
8
George Washington Elementary
Public District KG-5
0.7 mi
•2322 N Lincoln St
7
Ralph Emerson Elementary
Public District KG-5
1.1 mi
•720 E Cypress Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,063. The most common annual income of people living in Burbank, CA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
29%
<35k
43%
35k-100k
26%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
36%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Art Museums
Where do the neighbors shop?
Banana Republic
H&M
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
Audi
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1700 Grismer Ave
The listing price of 1700 Grismer Ave property is $2,599,000.
The property 1700 Grismer Ave is a condo located in Burbank, California, 91504.
Active Listing: 1700 Grismer Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1700 Grismer Ave are: Thomas Jefferson Elementary School (GreatSchools Rating 7/10), George Washington Elementary (GreatSchools Rating 8/10), Ralph Emerson Elementary (GreatSchools Rating 7/10), John Muir Middle School (GreatSchools Rating 7/10), Luther Burbank Middle School (GreatSchools Rating 7/10), David Starr Jordan Middle School (GreatSchools Rating 5/10), Monterey High (Continuation) (GreatSchools Rating 3/10), Burbank High School (GreatSchools Rating 9/10), John Burroughs High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $7,089 (source: MLS/based on county public records data).
The last sale was on August 17, 2000 for $315,000 (source: MLS/tax record).
The property at 1700 Grismer Ave has 0 bathroom.
The year of construction for 1700 Grismer Ave is 1941.
This home is located at 1700 Grismer Ave in Burbank, CA and zip code 91504 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 22, 2025 and is currently priced at $2,599,000.
In April 2025, from all listings sold in Burbank, CA there were more than 14 sold above asking price, over 13 sold below and more than 7 were sold right at the asked price. Between March and April 2025, Burbank, CA real estate market has seen decrease in the number of listings by 1.9%. In April 2025 median list price was $1,150,208 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.