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    317 S Lake St

    Burbank, CA 91502
    • $1,250,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 21-687102
    UPDATED: 39 min ago
    $1,250,000
    • 5
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,461
      SQFT
    • $508
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    Exceptional investment opportunity in this well-located with upside potential 4-unit building in the heart of Burbank. Units in average condition. Both buildings have new roofs (The units and the separate garage) The possible owner's unit has 2 beds, 1 bath, and outdoor patio. The 3 other units have 1 bed 1 bath each. All units are extremely low rents at $1,150 per month. Same owner for 40 years. Exclusions: Washer and Dryer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. 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.
    www.desertarealuxuryhomes.com/homes/113829967
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    317 S Lake St Burbank, CA 91502

    • Price: $1,250,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 21-687102
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,461
    SQFT
    $508
    $/SQFT
    1949
    Built
    Neighborhood:
    Burbank
    County:
    Los Angeles
    Area:
    Burbank
    Property Description
    Exceptional investment opportunity in this well-located with upside potential 4-unit building in the heart of Burbank. Units in average condition. Both buildings have new roofs (The units and the separate garage) The possible owner's unit has 2 beds, 1 bath, and outdoor patio. The 3 other units have 1 bed 1 bath each. All units are extremely low rents at $1,150 per month. Same owner for 40 years. Exclusions: Washer and Dryer.
    Exterior Features

    Building Type Attached Garage Structures Total 2 Lot Size Area 7701 Other Structures None Parking Garage Garage - 2 Car Style Mid-Century Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 4.00 Common Walls Attached Cooling Central Equipment OtherRefrigerator Heating Central

    Property Features

    Amenities None Assessed Total Value 97416 Gross Income 4600 Gross Operating Income 48370 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 55200.00 Number Of Buildings 1 Number Of Units 4 Owner Pays GardenerOtherWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityCable TvGas Total Annual Expense 6830 Type Of Units Fourplex Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Bur4*

    Listing provided courtesy of Anita Rich DRE#00782527 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. 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.
     
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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260