1201 Verdugo ave, Burbank, CA 91506
Active
$1,775,000
11%
5 Units
2 Beds
1 Baths
4,337 Area(sq.ft.)
Lot: 8,304 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 5 | 2 | 1 | No | $ 8,713 | $ 8,713 | $ 14,100 |
| 5 | 10 | 5 | $ 43,565 | $ 43,565 | $ 70,500 |
| MLS #: | SR24052054MR |
| Days On Market: | 632 |
| Listing Date: | March 14, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 409 |
| Price per unit: | $ 355,000 |
| Year Built: | 1953 |
Property Details
5-unit Apartment building with 4,337 living sq/ft located on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. Seller will not Carry. About 1 mile for access to the 5 fwy and the 101 fwy.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 8,407 |
| Net Operating Income: | $ 96,449 |
| Cap Rate: | 4.5% |
| Gross Rent Multiplier: | 16.92 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | BUR3* |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Laundry Area |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
| Laundry Income: | 300.00 |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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