NOT LISTED FOR SALE
7 Beds
5 Baths
3,150 Sq Ft
5,673 Sq Ft Lot

Last Sold July 19, 2021

Last sale price $1,641,000 $521 Per Sq Ft

210 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Dolores Huerta Middle School Rated A-
  • End Unit
  • Park

About This Home

As of July 2021

This 5 unit apartment building in a great Burbank location is fantastic. There is a lovely green belt with walking tracks directly across the street. There is a spacious 2 bedroom house in the front. There are four more units on the property. These units consist of two 2 bedroom units, one 1 bedroom unit and one single. All the units have separate gas and electric meters. The front house has a private laundry room and there is an enclosed shared laundry room for the other units. Four of the five units are newly upgraded and updated. Scheduled income is over 6 figures. Location, condition, income and appeal combine to create a terrific opportunity.

Last Agent to Sell the Property

Jim Cromie

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate License #01091291 Listed on: 11/02/2020

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

Last Buyer's Agent

Mary Baldry

Century 21 Village Realty License #01927691

Century 21 Village Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,673 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard

Property Views

  • Mountain
  • Park or Greenbelt

Home Design

  • 3,150 Sq Ft Home
  • Traditional Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Private Parking
  • Driveway
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 136
  • Tax Tract Number 9666
  • Assessor Parcel Number 2480018029

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $101,520
  • Net Operating Income $68,955

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • CapRate: 4.30
  • Inclusions: Appliances owned by landlord.
  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Zoning: BUR4*
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 2480018029
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, End Unit
  • Levels: Two
  • Price Per Square Foot: 520.95

Exterior Features

  • View: Mountain(s), Park/Greenbelt
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Covered, Driveway, Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Zoned, Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5673.00
  • Lot Size Acres: 0.1302

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 101520.00
  • Gross Multiplier: 15.77
  • Gross Operating Income: 97344.00
  • Gross Scheduled Income: 101400.00
  • Laundry Income: 120.00
  • Lot Size Area: 5673.0000 Square Feet
  • Net Operating Income: 68955.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 28389.00
  • Rent Control: Yes
  • Total Actual Rent: 8450.00
  • Vacancy Allowance: 4056
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Census Tract: 3115.00
  • Tax Lot: 136
  • Tax Tract Number: 9666

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $1,641,000 +2.6% $521 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $1,599,000 -3.0% $508 / Sq Ft
03/17/2021 03/17/21 Price Changed $1,649,000 -2.9% $523 / Sq Ft
01/25/2021 01/25/21 Price Changed $1,699,000 -2.3% $539 / Sq Ft
11/02/2020 11/02/20 For Sale $1,739,000 -- $552 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20225038

California Regional Multiple Listing Service (CRMLS)