$1,445,000
$1,329,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
6,390 Sqft Lot
SOLD DATE : 08/08/2023
Key Details
Sold Price $1,445,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23121243
Sold Date 08/08/23
Construction Status Turnkey
HOA Y/N No
Year Built 1947
Lot Size 6,390 Sqft
Property Description
Welcome to this well cared for, charming 4 plex with EXCELLENT rents and stable tenants, so you’re guaranteed to collect rent. Each unit features 1 bedroom with a large closet & 1 bathroom, kitchens with quaint dining areas, and built-in shelving in the living rooms. Each unit has either a window, a wall or a portable AC unit and wall heater, to keep your tenants comfortable. 3 units have been updated with newer vinyl plank flooring & fresh paint. The property is self-sustaining, all 4 back doors, as well as the water heater closet doors have recently been replaced, the exterior has been freshly painted & the well-maintained yard has automatic sprinklers to keep the grass looking picture perfect! Tenants have space to BBQ or sit out under the stars in their designated back patio space .
The 2 two car garages conveniently share a wall with the back unit making it the PERFECT owner-occupied space with room to expand. Convert half of the garage to add over 450 sq/ft to your owner’s unit plus, add direct access from the other half of the garage to include your own private owner 2 car garage parking: while collecting rent from the other tenants. If owner occupancy is not in your future, you can offer the garage space to the tenants, rent the garages out separately or convert the space into an ADU.
There is also a 5th parking space next to the garage making parking issue’s something this building will never have to worry about.
With this property the possibilities are endless. These units are close to the studios, the Burbank Airport, the 134 freeway, 5 freeway, public transportation and many walkable businesses. Don’t miss out on your opportunity to own this multi opportunity property. PLEASE DO NOT GO ON THE PROPERTY & PLEASE DO NOT DISTURB THE TENANTS
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Interior Features All Bedrooms Down
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Door-Multi, Garage, On Site, Off Street, Oversized, Paved, Private, Garage Faces Rear, One Space, See Remarks
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description Lawn
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 2436012005
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Barbara Noriega • eXp Realty of California, Inc.
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "