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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$325,000
222 N Rose St 209, Burbank, California 91505
1Bed
2Baths
1,040Sqft
24,643Lot
Year Built
1980
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$313
HOA
$625
Days on market
-
Sold On
-
MLS number
250029453SD
Home ConditionPoor
Features
Pool
Spa
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $325.0K(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
Despite the images depicting a recently renovated interior with modern kitchen and bathroom features, the listing explicitly states, 'pictures do not reflect current state of the unit.' Furthermore, the 'CASH ONLY' requirement and 'CURRENT LITIGATION WARNING' strongly indicate significant underlying issues, likely structural, financial, or legal, that render the property in a distressed or poor condition requiring substantial repairs and rehabilitation. The property's actual state is therefore far worse than what the photos suggest, aligning with the 'Poor' category.
Pros & Cons

Pros

Prime Entertainment Industry Proximity: Located in Toluca Lake Village, offering unparalleled access to major TV studios and media companies (Disney, Warner Bros, NBC, Universal Studios), making it highly attractive to industry professionals.
Desirable Lifestyle & Amenities: Central location provides easy access to Toluca Lake shops and restaurants, complemented by building amenities like an outdoor pool, spa, BBQ area, and community room.
High-Quality City Services: Residents benefit from Burbank's excellent municipal services, including top-rated schools, police, and fire departments.
Secure & Convenient Living: The building offers controlled access video security and convenient side-by-side parking, enhancing safety and ease of ownership.
Single-Level Condo Appeal: The single-level layout provides accessibility and convenience, appealing to a wide demographic seeking easy living.

Cons

Restrictive Financing & Legal Risks: The 'CASH ONLY' requirement drastically narrows the buyer pool, and the 'CURRENT LITIGATION WARNING' introduces significant legal and financial uncertainties for any prospective owner.
Unknown & Potentially Poor Condition: The explicit note that 'pictures do not reflect current state of the unit' strongly suggests the property is in a distressed or poor condition, requiring substantial renovation and investment.
High Association Fees: A monthly association fee of $625 is relatively high for a 1-bedroom condo, especially when considering the potential for additional costs related to the unit's condition or building litigation.

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