1007 W Angeleno Avenue, Burbank, CA 91506

$1,650,000

Buildings 2 and 3. Single story is units B & C each 1+1. Units above garages are D & E. D 2+1, E 1+1.

Property Type: Residential Income Bedrooms: 7 Baths: 5 Square Footage: 3,580 Lot Size (sq. ft.): 8,845 Status: Closed

Current Price: $1,650,000 List Date: 5/18/2022 Last Modified: 4/04/2023

Overview

Description

If you are handy and willing to put in some sweat equity, this could be an investment of a lifetime! Burbank is and will most likely always be one of the highest demand, small self incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. This family owned property needs some TLC and management. Good quiet, yet EZ to access location. Fully rented and 100% occupied, a movement to upgrade the units and rerent at fair market rent would pay back tremendously.

Listing Details MLS# 222002121

General Property Information

# Bedrooms: 7
Baths - Full: 5
Baths - Total: 5
Approx SqFt: 3580
Lot Acres: 0.2
Lot SqFt: 8845
Year Built: 1941

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Cash to New Loan Possession: Close of Escrow Lot Description: Lot Shape-Rectangle View Type: No View Disclosures: Property As Is Levels: Ground Level; Two Entry Location: Ground Level w/Steps; Top Level Exterior Construction: Stucco Flooring: Carpet; Sheet Vinyl Laundry Locations: Community Water Heater Feature: None Parking Type: Garage - 2 Door Landlord Pays For: Gardner Unit 1 Furnished: Unfurnished Unit 2 Furnished: Unfurnished Unit 3 Furnished: Unfinished Unit 4 Furnished: Unfurnished Unit 5 Furnished: Unfinished Financing: Owner Carried Sold Terms: Seller Financing

Listing Location and Property Info

Entry Date: 2022-05-05
Listing Price: 1849000
Street #: 1007
Direction: W
Street Name: Angeleno
Suffix: Avenue
County: Los Angeles
State/Province: CA
Zip Code: 91506
APN/Tax ID: 2446027022
Area: 610 - Burbank
Subdivision/Tract Code: Not Applicable
Country: US

Listing Info

Total # of Units in Complex: 5

Property Info

Dwelling Total Floors: 2
Pool: No
Spa: No
Fireplace: No
View: No

Status Change Info

Pending Date: 2023-04-01
Closed Date: 2023-04-03
Closed Price: 1650000
Sold Price/SqFt: 460.89

More Information

Units Information

Number of Units Leased: 5
# Separate Electric Meters: 5
# Separate Gas Meters: 5
# Separate Water Meters: Yes

HOA 1 Information

HOA: No

PropertyLand Information

Cap Rate %: 5

Unit 1 Information

Unit-1 # of Beds: 2
Unit-1 # of Baths: Yes
Unit-1 Rent/Month: 1900
Unit-1 Proj Rent/Month: 3400

Unit 2 Information

Unit-2 # of Beds: Yes
Unit-2 # of Baths: Yes
Unit-2 Rent/Month: 860
Unit-2 Proj Rent/Month: 2100

Unit 3 Information

Unit-3 # of Beds: Yes
Unit-3 # of Baths: Yes
Unit-3 Rent/Month: 1150
Unit-3 Proj Rent/Month: 2100

Unit 4 Information

Unit-4 # of Beds: 2
Unit-4 # of Baths: Yes
Unit-4 Rent/Month: 1900
Unit-4 Proj Rent/Month: 2300

Unit 5 Information

Unit-5 # of Beds: Yes
Unit-5 # of Baths: Yes
Unit-5 Rent/Month: 1595
Unit-5 Proj Rent/Month: 1900

Closing Comments

Concessions Comments: Seller credit buyer $20,000.

Listing, Location and Property Info

Entry Date: 2022-05-05
List Price/SqFt: 516.48
Zip + 4: 2286

Land Lease Type

Fee Simple: Yes

Special Conditions

Standard: Yes

Terms

Cash: Yes
Cash to New Loan: Yes

Possession

Close of Escrow: Yes

Lot Description

Lot Shape-Rectangle: Yes

Financing

Owner Carried: Yes

View Type

No View: Yes

Disclosures

Property As Is: Yes

Laundry Locations

Community: Yes

Levels

Ground Level: Yes
Two: Yes

Entry Location

Ground Level w/Steps: Yes
Top Level: Yes

Sold Terms

Seller Financing: Yes

Exterior Construction

Stucco: Yes

Flooring

Carpet: Yes
Sheet Vinyl: Yes

Water Heater Feature

None: Yes

Parking Spaces/Information

Total Garage Spaces: 4

Parking Type

Garage - 2 Door: Yes

Landlord Pays For

Gardner: Yes

Unit 1 Furnished

Unfurnished: Yes

Unit 2 Furnished

Unfurnished: Yes

Unit 3 Furnished

Unfinished: Yes

Unit 4 Furnished

Unfurnished: Yes

Unit 5 Furnished

Unfinished: Yes

Listing Office: Keller Williams Exclusive Properties

Listing Agent: Stephen Patronete | SteveP@StevePatronete.com

Agent Email: SteveP@StevePatronete.com

Last Updated: April - 04 - 2023

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.