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222 N Rose St 209, Burbank, California 91505, Burbank, 91505 - 1 bed, 2 bath

222 N Rose St 209, Burbank, California 91505 home-pic-0
ACTIVE$375,000
222 N Rose St 209, Burbank, California 91505
1Bed
2Baths
1,040Sqft
24,643Lot
Year Built
1980
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$361
HOA
$625
Days on market
-
Sold On
-
MLS number
250023229SD
Home ConditionPoor
Features
Pool
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $375.0K(10th), sqft - 1040(60th), beds - 1(50th), baths - 2(50th).

CASH ONLY..Toluca Lake Village Single level condo..Near TV Studios and media companies (Disney, Warner Bros, NBC, and Universal Studios)The building amenities include outdoor pool, spa and BBQ area, bicycle storage, community room, controlled access video security system and side by side parking. Take advantage of Burbank city services including Schools, Police and Fire dept, while being centrally located in the heart of Toluca lake shops and restaurants. AGENTS...Please review confidential remarks as pictures do not reflect current state of the unit..CASH ONLY and PLEASE READ CONFIDENTIAL AGENT REMARKS PRIOR TO CONTACTING LISTING AGENT ABOUT CURRENT LITIGATION WARNING.

Condition Rating
Poor
Built in 1980, this property is over 40 years old. The critical disclosure that 'pictures do not reflect current state of the unit' strongly indicates that the actual condition is significantly worse than any visual representation, implying substantial deterioration and a need for major repairs. This is further supported by the 'CASH ONLY' requirement and 'CURRENT LITIGATION WARNING,' which often accompany properties with significant physical or legal issues. The property likely requires substantial rehabilitation, affecting major components and potentially safety or soundness, aligning with a 'Poor' condition score.
Pros & Cons

Pros

Prime Location: Strategically located near major TV studios (Disney, Warner Bros, NBC, Universal Studios) and the vibrant Toluca Lake shops and restaurants, offering excellent convenience and potential for appreciation.
Comprehensive Building Amenities: Features a robust suite of amenities including an outdoor pool, spa, BBQ area, bicycle storage, community room, and side-by-side parking, enhancing resident lifestyle.
Enhanced Security: Benefits from a controlled access video security system, providing residents with an added layer of safety and peace of mind.
Single-Level Living: As a single-level condo, it offers desirable accessibility and convenience, appealing to a broad demographic.
Generous Unit Size: At 1040 sqft for a 1-bedroom, 2-bath unit, it provides a spacious living environment compared to typical 1-bedroom condos.

Cons

Cash-Only Transaction: The strict 'CASH ONLY' requirement severely limits the buyer pool, potentially prolonging market time and impacting sale price.
Active Litigation Warning: The presence of 'CURRENT LITIGATION WARNING' indicates significant legal issues affecting the property or building, posing substantial financial and legal risks to a prospective buyer.
Undisclosed Unit Condition: The disclosure that 'pictures do not reflect current state of the unit' combined with confidential agent remarks suggests the property is in a significantly deteriorated or different condition than advertised, implying unforeseen renovation costs and risks.

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