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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,281 sqft
Price per Sqft $504
MLS Listing ID 21771908
Sold Date 10/12/21
HOA Y/N No
Year Built 1958
Lot Size 6,638 Sqft
Acres 0.1524
Property Description
Rare opportunity to own a Garden-style 3 Unit Income Property in highly-sought Magnolia Park Burbank! Front Unit is a charming traditional home with 2BR + bonus rec room. Rear unit is a classic 2-story duplex (each unit 1BR). This 3-unit income producer has great curb appeal on a street with many remodeled single family homes. Great dining and parks nearby too. Property offers a friendly shared courtyard with mature succulents, grassy lawns, and private gates. Stable longterm tenants that are high-quality paying and on time month-to-month. Upgrades include new floors and vanity in 2 of the units + new exterior door in front unit + newer hot water heaters + washer/dryer hookups. Newer masonry wall construction on south side. 2 Garages (4 total covered spots). Property currently generates $38,160 annual gross, but has upside potential to value add Priced according to annual gross, and pro-forma is $68,400 gross annual.Prime Burbank location, adjacent to all the studios (Disney, Warner Bros, etc), many places of business, and all the cool cafes and shops on Verdugo. Great opportunity and great price! Tenant occupied & Inside with Accepted Offer Only. Please inquire with listing office prior to submission.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Rooms
Ensuite Laundry InGarage
Interior
Laundry Location InGarage
Heating Combination
Fireplace No
Laundry InGarage
Exterior
Garage DoorMulti, Garage
Pool None
View Y/N No
View None
Parking Type DoorMulti, Garage
Total Parking Spaces 4
Private Pool No
Building
Story 2
Foundation Raised
Architectural Style Traditional
New Construction No
Others
Senior Community No
Tax ID 2480012001
Special Listing Condition Standard
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Bought with Vardkes Bazikian • Imperial Realty Co.
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