For sale 6 units in Prime Downtown Burbank Location Los Angeles, CA. for more information contact the listing agent Michael Monempour michael.monempour@kidder.com C 310.270.8423

Posted: 12/21/2021 5:33 pm | On HOMEiZ: 859 days | Updated: 2 years ago | Views: 406

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1950000

Last Sold Price

$1950000

Last Sold Date

12/22/2021

Total Lot Size

0.12 Acres

Asking Price per Sq. Ft.

$422

Total Building Size Sq. Ft.

4624

Commission Split %

Contact listing agent%

Cap Rate %

3.94%

Gross Annual Income

Net Operating Income

$76830

Gross Rent Multiplier

16.14

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$24375

Property Location & Description

Listing Headline

For sale 6 units in Prime Downtown Burbank Location Los Angeles, CA. for more information contact the listing agent Michael Monempour michael.monempour@kidder.com C 310.270.8423

Rent control

Rent Control

Property Description

Excellent Unit Mix consisting of 3 (2+1) and 3 (1+1).Value Add Investment Opportunity with approximately 16% upside in rent.

Location Description

Prime Downtown Burbank Location.

No. of Units

Price per Unit

$325000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

$1600

2+1

$1730

APN / Parcel ID

2436-025-007

Zoning

BUR4

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1957

Overall Property Condition

Good

Highlights

Prime Downtown Burbank Location

Value Add Investment Opportunity with approximately 16% upside in rent

Excellent Unit Mix consisting of 3 (2+1) and 3 (1+1)

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

# of Covered Parkings

Parking Ratio 1.3/1,000 SF

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2992

Sold

For Sale

$1,950,000

Listing Presented by

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1501 North Hollywood Way . Burbank , CA 91505