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    652 N Whitnall

    Burbank, CA 91505
    • $1,599,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: BB20225038
    UPDATED: 31 min ago
    $1,599,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,150
      SQFT
    • $508
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    This 5 unit apartment building in a great Burbank location is fantastic. There is a lovely green belt with walking tracks directly across the street. There is a spacious 2 bedroom house in the front. There are four more units on the property. These units consist of two 2 bedroom units, one 1 bedroom unit and one single. All the units have separate gas and electric meters. The front house has a private laundry room and there is an enclosed shared laundry room for the other units. Four of the five units are newly upgraded and updated. Scheduled income is over 6 figures. Location, condition, income and appeal combine to create a terrific opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T15:38:05.02. 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 Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/111552105
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    652 N Whitnall Burbank, CA 91505

    • Price: $1,599,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: BB20225038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,150
    SQFT
    $508
    $/SQFT
    1937
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    This 5 unit apartment building in a great Burbank location is fantastic. There is a lovely green belt with walking tracks directly across the street. There is a spacious 2 bedroom house in the front. There are four more units on the property. These units consist of two 2 bedroom units, one 1 bedroom unit and one single. All the units have separate gas and electric meters. The front house has a private laundry room and there is an enclosed shared laundry room for the other units. Four of the five units are newly upgraded and updated. Scheduled income is over 6 figures. Location, condition, income and appeal combine to create a terrific opportunity.
    Exterior Features

    Architectural Style Traditional Carport Spaces 4 Carport YN Yes Fencing Block Lot Features Front Yard Number Of Separate Electric Meters 5 Open Parking Spaces 1 Parking Features Attached CarportAssignedCoveredDrivewayPrivate Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Alley PavedPaved Spa Features None Spa YN No View Park/GreenbeltMountain(S) View YN Yes

    Interior Features

    Common Walls 1 Common WallEnd Unit Cooling Wall/Window Unit(S)Zoned Cooling YN Yes Heating Wall FurnaceZoned Heating YN Yes

    Property Features

    Additional Parcels YN No Cap Rate 4.3 Common Interest None Community Features BikingCurbsGutter(S)ParkStreet LightsSuburbanSidewalks Disclosures Seller Disclosure Exclusions Some Appliances Owned By Tenants. Garage YN No Gross Income 101520 Gross Scheduled Income 101400 Inclusions Appliances Owned By Landlord. Insurance Expense 0 Land Lease YN No Laundry Features Common AreaInsideLaundry RoomSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 68955 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 28389 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays ElectricityGas Total Actual Rent 8450 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 4056 Vacancy Allowance Rate 4 Water Sewer Expense 0 Water Source Public Zoning Bur4*

    Listing provided courtesy of James Cromie of Berkshire Hathaway Homeservices Crest Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T15:38:05.02. 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 Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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