250 N First Street #417
Burbank, CA 91502

Affordable housing opportunity at The Burbank Collection, an upscale condo complex located in the heart of downtown Burbank. Second floor unit features 650+/- sf open layout, natural light, central A/C/heating, washer/dryer, 2 assigned parking, under cabinet kitchen lighting and outdoor patio. The complex features a gym, pool, lounge, putting green, bbq, fire pit, & bocce ball court. HOA dues include basic DirecTV, water, trash, and gas. Interested buyers must be screened by the City of Burbank for income-eligibility:1 person $63,100; 2 persons $72,100, and 3 persons $81,100 maximum annual income of all occupants (sheet on MLS). Affordable Purchase Price calculation will ultimately be made by the City of Burbank, and considers estimates for monthly HOA dues, utilities, and property tax. Owner occupancy REQUIRED minimum down, buyer will assume a silent second loan that does not accrue interest nor require payments, and is forgivable. Info provided by BHA.