$710,000
$756,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1205 W Burbank BLVD Burbank, CA 91506
2,500 Sqft Lot
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23147279
Sold Date 09/08/23
Construction Status Fixer,Repairs Major
HOA Y/N No
Year Built 1951
Annual Tax Amount $1,974
Lot Size 2,500 Sqft
Property Sub-Type Duplex
Property Description
MAJOR FIXER!! SELLER WILL FINANCE!! Rare opportunity for investor, contractor or owner/user with DIY skills and determination. Property zoned BUR4*!! Duplex consists of two 1 bedroom, 1 bath units. Tenants are on month-to-month leases (one tenant is Section 8). Best priced duplex in Burbank. This property will go quickly so RUN, don't walk!
Additional income potential by converting detached, alley accessible 2-car garage into 1 or 2 additional units as ADUs (verify with Burbank City Building Department). Plumbing connection located at garage. Tremendous upside in rents plus grow current income by adding ADUs. Construct a small laundry room on the property to generate additional income as well as convenience for tenants. Very conservative pro forma cap rate of 5.14% / GRM of only 14.09!
Highly desirable northwest Burbank neighborhood near 5 Points Monument. Abundant and convenient public transportation offerings within short walking distance. Walk Score is 76! Costco, quick service and numerous local restaurants, multiple national retailers all located within walking distance. Minutes to I-5 freeway. Convenient public bus transportation located at the corner and across the street. One mile walk to Burbank Metrolink Station. A short hop, skip, jump to 5 Points Monument. Chandler bike path is only a few blocks away as well.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type Bath, Family Room, Gas, Kitchen
Fireplace Yes
Appliance Gas Water Heater
Laundry None
Exterior
Parking Features Door-Multi, Garage, Paved, Garage Faces Rear, Side By Side
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Chain Link, Wood
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre, Street Level
Faces South
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer,Repairs Major
Others
Senior Community No
Tax ID 2438031006
Acceptable Financing Cash, Cash to New Loan, Lien Release, Owner Will Carry, Owner May Carry, Trust Deed
Listing Terms Cash, Cash to New Loan, Lien Release, Owner Will Carry, Owner May Carry, Trust Deed
Financing Seller Financing
Special Listing Condition Standard, Trust
Lease Land No
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Bought with Erika De Leon • The Core Agency