1721 Scott rd, Burbank, CA 91504
Active
$3,095,000
10%
10 Units
11 Beds
10 Baths
6,654 Area(sq.ft.)
Lot: 12,041 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,800 | $ 2,800 | $ 2,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,790 | $ 1,790 | $ 1,850 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,787 | $ 1,787 | $ 1,850 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,790 | $ 1,790 | $ 1,850 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,791 | $ 1,791 | $ 1,850 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,790 | $ 1,790 | $ 1,850 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,750 | $ 1,750 | $ 1,850 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,790 | $ 1,790 | $ 1,850 |
| Unit 9 | 1 | 1 | 1 | No | $ 1,787 | $ 1,787 | $ 1,850 |
| 9 | 10 | 9 | $ 17,075 | $ 17,075 | $ 17,600 |
| MLS #: | 24-464081 |
| Days On Market: | 383 |
| Listing Date: | November 18, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 465 |
| Price per unit: | $ 309,500 |
| Year Built: | 1964 |
Property Details
This 10-unit apartment complex is located in Burbank, California. The front structure is a 2-bedroom/1-bath single family residence built in 1939. The rear structure is a 9-unit two-story walk up apartment building built in 1964. There are 11 parking spaces, 9 in the rear accessed by north driveway and 2 in the front of the SFR. The complex is located close to both Bob Hope Airport and Downtown Burbank placing it amongst a major employment cluster including dozens of aviation support companies, several major motion picture studios, banking and law firm occupied office buildings and multiple regional retail shopping districts. The close proximity to Interstate 5 provides quick access to Dodger Stadium, Griffith Park, Downtown Los Angeles and the Santa Clarity Valley. Via the 134/101 freeways there is a convenient connection to the eastern and western San Fernando Valley including the Ventura Boulevard corridor communities and the Glendale & Pasadena areas to the east. This is a supply constrained municipality where demand to reside there far exceeds the existing housing stock available. Occupancy rates in Burbank are excellent. Please do not walk on property or disturb tenants. For addition information please see attached OM in the document section of the MLS profile page. Please call listing agent for additional information.Interested in this Listing?
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Income Details
| Vacancy Rate: | 6791% |
| Gross Operating Income: | $ 221,443 |
| Total Annual Expense: | $ 65,139 |
| Net Operating Income: | $ 156,304 |
| Gross Annual Income: | $ 228,180 |
| Gross Rent Multiplier: | 0.00 |
Structure
| Type of Units: | apartments |
| Buildings: | 2 |
| Levels: | One |
| Style: | Mid-Century |
| Sewer: | In Street |
| View Description: | None |
Land & Parking
| Zoning: | BUR4* |
| Parking Garage: | Uncovered |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Garbage Disposal |
| Heating: | Wall |
| Laundry: | Room |
| Laundry Equipment: | Lease |
Exterior
Detailed Map
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