231
E
Valencia Avenue,
Burbank,
California
CA
91502
Sold For: $2,500,000
Listing ID: GD22208463
Price/SqFt:
$499.60
Status:
Closed
Sold Date:
1/31/2023
SqFt:
5,004
Sq Ft
Acres:
0.354
Acres
Year Built:
1946
Wonderful opportunity to acquire two (2) well maintained single-story, courtyard-style four (4) unit buildings situated on two (2) separate parcels in Burbank; each building is comprised of one (1) two (2) bedroom, one (1) bathroom unit and three (3) one (1) bedroom, one (1) bathroom units; all tenants are month-to-month; the buildings were constructed in1946; the units are separately metered for gas and electricity; individual hot water heaters and laundry hook-ups in each of the units; generous upside in rents; parking is eight (8) spaces in eight (8) single-car, closed garages off the alley; copper plumbing throughout; all windows replaced; hip roofs; some units upgraded in terms of flooring, counter tops and cabinetry; located just south of Glenoaks Boulevard and east of Verdugo Avenue only 1/2 mile from Downtown Burbank
See attached brochure for complete information.
Primary Features
County:
Los Angeles
Price Reduction Date:
2022-11-25T16:45:20+00:00
Price/SqFt:
499.6
Property Type:
Residential Income
Year Built:
1946
Interior
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
2+ Common Walls
Garage Spaces:
8
Laundry:
yes
Laundry Features:
Gas Dryer Hookup, Washer Hookup
External
Lot Features:
21-25 Units/Acre
Lot Size Area:
15406
Lot Size Source:
Public Records
Lot Size Square Feet:
15406
Number Of Buildings:
2
Parking Total:
8
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
610 - Burbank
Additional
Additional Parcels:
no
Days On Market:
89
List Agent State License:
01228475
List Office State License:
00983560
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
8
Number Of Separate Gas Meters:
8
Number Of Separate Water Meters:
2
Number Of Units Total:
8
Parcel Number:
2453038010
Year Built Source:
Public Records
Financial
Gardener Expense:
2200
Gross Scheduled Income:
123960
Insurance Expense:
2512
Land Lease:
no
Maintenance Expense:
335
Net Operating Income:
71293
New Taxes Expense:
39406
Operating Expense:
52667
Other Expense:
3312
Price Per Unit:
350000
Rent Control:
no
Special Listing Conditions:
Standard
Tax Lot:
17
Tax Tract Number:
9207
Total Actual Rent:
123960
Total Expenses:
52667
Trash Expense:
4482
Workmans Compensation Expense:
320
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
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Listed by: DavidStevenson, DRE #01228475 from Stevenson Real Estate Services
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