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627 E Magnolia Boulevard

Burbank, CA 91501
  • $2,399,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: WS22080968
UPDATED: 28 min ago
$2,399,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Listing Agent(s): Hui Ling Chan of United R.E.- Los Angeles (888-558-8790)


Description

Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128069574
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627 E Magnolia Boulevard Burbank, CA 91501

  • Price: $2,399,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 28 min ago
  • ID#: WS22080968
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1917
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.
Exterior Features

Carport Spaces 4 Carport YN Yes Direction Faces Southeast Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 7 Parking Features Assigned Parking Total 11 Pool Features CommunityFenced Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Floor FurnaceWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Street LightsSidewalksPool Disclosures Familial Relation Electric Expense 960 Fuel Expense 1056 Garage YN No Gross Income 98400 Gross Scheduled Income 97200 Insurance Expense 4107 Land Lease YN No Laundry Features Common AreaLaundry Room Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 0 Pool Expense 2400 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8100 Trash Expense 0 Water Sewer Expense 1104 Water Source Public Zoning Bur4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Hui Ling Chan of United R.E.- Los Angeles (888-558-8790)