Property Detail

Description

The Burbank Collection-Moderate Income Housing Opportunity (Income Verification Required). Ideally located in the heart of downtown Burbank, just steps to shops, cafs, theaters, and nightlife. This approx. 630 sq. ft. light-filled condo features an open layout, central A/C and heat, laundry hookups, 2 assigned garage tandem parking with storage, and patio access to one of three landscaped courtyards. Community amenities include a gym, pool, club house, BBQ. HOA covers basic DirecTV, water, trash, and gas. Buyer eligibility required through the City of Burbank: household size limited to three (3) persons with income limits as follows1person: $74,850$89,550; 2persons: $86,950$102,300; 3persons: $99,050$115,100 (income includes all occupants). The city considers the prospective buyers income to be the gross income plus 10% of the buyers total assets (savings, stocks, bonds, etc.). Final purchase price is determined by the City based on the qualified buyers actual income level. A minimum 5% down payment is required. First-time homebuyer and owner-occupant only. Information deemed reliable but not guaranteed.