$1,650,000
Burbank, CA 91506
MLS# 222002121
Status: Closed
7 beds | 5 baths | 3580 sqft
1 / 8
Property Description
If you are handy and willing to put in some sweat equity, this could be an investment of a lifetime! Burbank is and will most likely always be one of the highest demand, small self incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. This family owned property needs some TLC and management. Good quiet, yet EZ to access location. Fully rented and 100% occupied, a movement to upgrade the units and rerent at fair market rent would pay back tremendously.
Details
Maps
Status Change Info
Sold Price/SqFt: 460.89
Pending Date: 2023-04-01
Closed Date: 2023-04-03
Closed Price: 1650000
Listing, Location and Property Info
Entry Date: 2022-05-05
List Price/SqFt: 516.48
Zip + 4: 2286
Listing Info
Total # of Units in Complex: 5
Property Info
View: No
Pool: No
Spa: No
Fireplace: No
Dwelling Total Floors: 2
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Lot Description
Lot Shape-Rectangle: 1
Financing
Owner Carried: 1
View Type
No View: 1
Disclosures
Property As Is: 1
Units Information
Number of Units Leased: 5
# Separate Electric Meters: 5
# Separate Gas Meters: 5
# Separate Water Meters: 1
Laundry Locations
Community: 1
Levels
Ground Level: 1
Two: 1
Entry Location
Ground Level w/Steps: 1
Top Level: 1
Sold Terms
Seller Financing: 1
Exterior Construction
Stucco: 1
Flooring
Carpet: 1
Sheet Vinyl: 1
Closing Comments
Concessions Comments: Seller credit buyer $20,000.
Water Heater Feature
None: 1
Parking Spaces/Information
Total Garage Spaces: 4
Parking Type
Garage - 2 Door: 1
HOA 1 Information
HOA: No
Landlord Pays For
Gardner: 1
Unit 1 Furnished
Unfurnished: 1
Unit 1 Information
Unit-1 # of Beds: 2
Unit-1 # of Baths: 1
Unit-1 Rent/Month: 1900
Unit-1 Proj Rent/Month: 3400
Unit 2 Furnished
Unfurnished: 1
Unit 2 Information
Unit-2 # of Beds: 1
Unit-2 # of Baths: 1
Unit-2 Rent/Month: 860
Unit-2 Proj Rent/Month: 2100
Unit 3 Information
Unit-3 # of Beds: 1
Unit-3 # of Baths: 1
Unit-3 Rent/Month: 1150
Unit-3 Proj Rent/Month: 2100
Unit 3 Furnished
Unfinished: 1
Unit 4 Information
Unit-4 # of Beds: 2
Unit-4 # of Baths: 1
Unit-4 Rent/Month: 1900
Unit-4 Proj Rent/Month: 2300
Unit 4 Furnished
Unfurnished: 1
Unit 5 Information
Unit-5 # of Beds: 1
Unit-5 # of Baths: 1
Unit-5 Rent/Month: 1595
Unit-5 Proj Rent/Month: 1900
Unit 5 Furnished
Unfinished: 1
Listing Location and Property Info
Status: Closed
Entry Date: 2022-05-05
Listing Price: 1849000
Current Price: $1,650,000
Street #: 1007
Direction: W
Street Name: Angeleno
Suffix: Avenue
County: Los Angeles
State/Province: CA
Zip Code: 91506
APN/Tax ID: 2446027022
Area: 610 - Burbank
Subdivision/Tract Code: Not Applicable
Country: US
General Property Information
# Bedrooms: 7
Baths - Full: 5
Baths - Total: 5
Approx SqFt: 3580
Lot Acres: 0.2
Lot SqFt: 8845
Year Built: 1941
PropertyLand Information
Cap Rate %: 5
Property Features
Land Lease Type: Fee Simple
Special Conditions: Standard
Terms: Cash; Cash to New Loan
Possession: Close of Escrow
Lot Description: Lot Shape-Rectangle
View Type: No View
Disclosures: Property As Is
Levels: Ground Level; Two
Entry Location: Ground Level w/Steps; Top Level
Exterior Construction: Stucco
Flooring: Carpet; Sheet Vinyl
Laundry Locations: Community
Water Heater Feature: None
Parking Type: Garage - 2 Door
Landlord Pays For: Gardner
Unit 1 Furnished: Unfurnished
Unit 2 Furnished: Unfurnished
Unit 3 Furnished: Unfinished
Unit 4 Furnished: Unfurnished
Unit 5 Furnished: Unfinished
Financing: Owner Carried
Sold Terms: Seller Financing
Listing Office: Keller Williams Exclusive Properties
Listing Agent: Stephen Patronete | SteveP@StevePatronete.com
Agent Email: SteveP@StevePatronete.com
Last Updated: April - 04 - 2023
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.