And the Burbank townhouse goes to...Daniel and Linda!

Friday, 1 July 2016
Clients Daniel and Linda just closed their purchase of a Sarah Street townhouse in Burbank.  These units, and the adjacent units on Kling, have been wildly popular since long before I got into real estate.  They are on the Toluca Lake-side of Burbank. Most of the units are about 1500 square feet and they have attached two-car garages.  HOA dues are low, and there are a couple of pools in the complex.

Some of these units are real showplaces.  Not Daniel and Linda's though -- it needed a lot of work.  But the two buyers are really creative, and really brave, so I'm sure they'll make it into something beautiful.  Yes, we faced a bidding war.  But D&L wrote a wonderful letter to the seller about themselves and what they planned to do to the unit.  That seemed to do the trick.  Plus, both buyers and the seller are in the entertainment industry and as we all know, like attracts like.

There were a couple of other challenges as well.  The buyers were getting their loan through Partners (Disney's) credit union.  Sometimes credit unions can take forever to close a loan, but not this one.  We closed right on time.  Plus, the popcorn ceiling has asbestos in it -- yikes! The first thing the buyers will be redoing is the ceiling. Congratulations again, Daniel and Linda, and I can't wait to see how you improve the place.