1300
W
Olive Avenue,
Burbank,
California
CA
91506-2245
Sold For: $7,500,000
Listing ID: SR22211936
Price/SqFt:
$387.56
Status:
Closed
Sold Date:
3/10/2023
SqFt:
19,352
Sq Ft
Acres:
0.657
Acres
Year Built:
1956
This well kept 40-unit apartment building is comprised of 20-studios/ 20-1-bed units, the building has 33 on-site parking spaces, a pool, laundry room on-site and is located across the street from Olive Park, near downtown Burbank. Stoves/Refrigerators are provided to each tenant by owner, owner pays water/trash.
Primary Features
County:
Los Angeles
Price Reduction Date:
2022-10-24T16:29:50+00:00
Price/SqFt:
387.56
Property Type:
Residential Income
Year Built:
1956
Zoning:
BUR4-1*
Interior
Appliances:
yes
Appliances:
Gas Range, Refrigerator
Average 1 Bed Area:
675
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area:
350
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
2+ Common Walls
Cooling:
yes
Cooling Type:
Wall/Window Unit(s)
Fireplace:
no
Fireplace Features:
None
Flooring:
Carpet, Laminate, Vinyl
Heating:
yes
Heating Type:
Wall Furnace
Laundry:
yes
Laundry Features:
Community
Levels:
Two
Spa:
no
Spa Features:
None
Stories Total:
2
External
Construction Materials:
Stucco
Lot Features:
36-40 Units/Acre, Lot 20000-39999 Sqft
Lot Size Area:
28631
Lot Size Source:
Assessor
Lot Size Square Feet:
28631
Number Of Buildings:
2
Parking:
yes
Parking Features:
Unassigned
Parking Total:
33
Pool Features:
Community
Private Pool:
no
Property Attached:
yes
Roof:
Shingle
Sewer:
Public Sewer
Uncovered Spaces:
33
View:
yes
View Type:
Mountain(s), Neighborhood, Pool
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
610 - Burbank
Additional
Additional Parcels:
no
Assessments:
None
Association:
no
Days On Market:
37
List Agent State License:
01023622
List Office State License:
01519420
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
40
Number Of Separate Gas Meters:
40
Number Of Units Leased:
40
Number Of Units Total:
40
Parcel Number:
2446031031
Year Built Source:
Assessor
Financial
Cap Rate:
4.5
Electric Expense:
3918
Fuel Expense:
9201
Gross Scheduled Income:
542400
Insurance Expense:
17960
Land Lease:
no
Laundry Income:
3000
Net Operating Income:
495023
Operating Expense:
47376.4
Price Per Unit:
247500
Rent Control:
yes
Special Listing Conditions:
Standard
Tax Census Tract:
3108.00
Tax Lot:
10
Tax Tract Number:
6310
Tenant Pays:
Electricity, Gas
Total Actual Rent:
542400
Total Expenses:
47376
Trash Expense:
8115
Vacancy Allowance Rate:
3
Water Sewer Expense:
8181
© 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 09:15:09 AM. 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: BillToth, DRE #01023622 from First Class Real Estate 818-569-0210
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