250 N 1st St, Burbank CA, Asking Only $293,500 - Think RE*Link: San Gabriel Valley Real Estate

Posted by | October 17, 2017 | burbank, Listings | One Comment

1 bedroom, 1 bath. This beautiful unit is part of the Burbank Collection, an upscale condominium complex located in the heart of downtown Burbank. For a limited time, the condo is being offered under Burbank’s Housing Affordability Program (see important qualifying details below). The condo has a spacious and open layout with a large living room, plenty of natural light, a large washer/dryer pantry, 2 tandem parking spaces, and additional storage in the underground parking area. The complex features amazing amenities: a state of the art gym, basic Direct Tv service, water, trash, gas, a relaxing outdoor pool, an entertainment lounge with a pool table and flat screen TV, an outdoor putting green, patio BBQ stations, a gas fire pit, even a Bocce ball court. With too many amenities to mention please don’t miss this great opportunity for a first-time buyer!

Prospective purchasers *MUST* be income-qualified by the City of Burbank. Income guideline for the city’s affordable sales price: Buyer must make between $50,500-$54,450 for 1 person – purchase price will be $224,672 * $57,700-$62,200 for 2 people – purchase price will be $252,080 * $64,900-$70,000 for 3 people – purchase price will be $293,512. The City will be pre-screening the potential buyer so you MUST make between those ranges (NO EXCEPTIONS). Minimum 5% down payment. Buyer must assume a silent second loan, which does not require interest or monthly payments as long as the buyer follows city requirements * Must be owner occupied!


About Ryan Asao

Ryan Asao is a Monrovia real estate agent and founder of Think RE*Link. Ryan currently serves as President of his local BNI and Toastmasters chapter and is a board member of the National Association of Hispanic Real Estate Professionals - MSELA Chapter and Mt. San Antonio College Foundation. He is also President Emeritus of the Arcadia Association of Realtors. When he's not working, Ryan is deeply involved with the activities of his family, volunteering with local schools and soccer organizations.

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