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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,495,000

Est. payment - /mo

5 Beds

4 Baths

2,518 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,518 sqft

Price per Sqft $593

MLS Listing ID PF26085219

Bedrooms 5

Full Baths 4

Construction Status Fixer

HOA Y/N No

Year Built 1948

Lot Size 7,487 Sqft

Property Sub-Type Quadruplex

Property Description

First time on the market in over 60 years. All the perks of living in the great City of Burbank. Close to shopping, dining and entertainment. Close to adjacent cities of Glendale and Pasadena. Close to major freeways for ease of access. Great development opportunity or just remodel existing structures. Zoned for low density multifamily housing. Check with City of Burbank to see development and land usage opportunities. Currently a multifamily 4-unit property. Main structure is 2 bed 1 bath. Two units in back are 1 bed 1 bath. Third unit out back is studio with bath. Three income properties are tenant occupied. Monthly current total gross rent collected from 3 units is $4,500. Oversized two story garage. Driveway parking for up to 4 cars. Home is being sold as is condition. All sizes and dimensions are per city and county records. Newer roof is approximately 8 years old on main home only. All (4) units are separately metered for gas and electric. Main home is metered for water for all 4 units. Buyer is advised to have professional inspections and to verify all information with the City of Burbank. Trust sale DOES NOT require court confirmation. Property to convey with three tenants in place currently. One tenant month to month lease other two leases mature in September and December 2026. Renovate/Expand/Teardown and build new. Great location in Burbank!!

Location

State CA

County Los Angeles

Area 610 - Burbank

Rooms

Main Level Bedrooms 5

Interior

Interior Features Separate/Formal Dining Room, Eat-in Kitchen, All Bedrooms Down, Bedroom on Main Level

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl

Fireplaces Type Living Room

Fireplace Yes

Appliance Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete, Driveway Level, Garage, Gated, Off Street, One Space

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Quadruplex

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Construction Status Fixer

Schools

School District Burbank Unified

Others

Senior Community No

Tax ID 2455032008

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

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Listed by Steven Jones The One Luxury Properties 3104889979, DRE #01836994

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+1(714) 606-0926

ernie@newport-properties.com

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