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Key Details
Sold Price $1,760,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $523
MLS Listing ID GD21185134
Sold Date 01/13/22
HOA Y/N No
Year Built 1950
Lot Size 0.292 Acres
Acres 0.2925
Property Description
We are proud to present 501 E. Harvard Rd., Burbank. An amazing upside potential opportunity for investors. It is also perfect for an owner-occupied, buyer who wants to live in one of the units and collect rent on the other three. Since this property has 4-units, it qualifies for residential financing. This 4-unit multifamily property, built-in 1950, has a total building size of approximately 3,360 Sq. Ft. and sits on approximately 12741 Sq. Ft. lot. The building has unit mix, One unit is 2-Bedrooms, 1-1/2 Bathroom with bonus room (Approximately 1,150 Sq. ft.), Three units are 1-Bedroom, 1-Bathroom. This property is located in Burbank. Burbank is well known for being home to Walt Disney Studios and Warner Bros. Studios. The building location is easy to access to schools, restaurants, shopping, entertainment, freeway, and recreations. This property is an ideal candidate to take advantage of the large lot for the investor. This value-add opportunity has upside potential in rents. It is also individually metered for gas and electricity. Property is in nice condition.
Location
State CA
County Los Angeles
Area 610 - Burbank
Rooms
Ensuite Laundry SeeRemarks
Interior
Laundry Location SeeRemarks
Fireplace No
Laundry SeeRemarks
Exterior
Garage Carport, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features StreetLights, Sidewalks
Parking Type Carport, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Item01UnitAcre
Story One
Entry Level One
Sewer PublicSewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2459039009
Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Anthony Kerimian • Jack Kerimian, Real Estate Broker
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