198 W Elmwood Avenue

    Burbank, CA 91502
    • $2,100,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: PW19190722
    UPDATED: 40 min ago
    $2,100,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,804
      SQFT
    • $437
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    OPPORTUNITY KNOCKS! 6 unit apartment building in excellent high demand area with no rent control. All units 2 bedrooms, 1 bath. Well-maintained building with same owner since 1986. Kitchens have newer appliances and granite counters, plumbing is copper, new sewer line, dual pane windows, recessed lighting, 1 covered carport per unit. lots of closet space, spacious rooms. Pictures of one unit interior have been added. New roof on carport. The landscaping is immaculate and has automatic sprinkler system. All have wall air conditioners and most wall heaters have been replaced. Close to Downtown Burbank with restaurants galore, Bob Hope Airport, Warner Bros., Disney Animation Studios, Mall, movie theaters. The 5 freeway is very close but not too close. THIS IS A MUST-SEE PROPERTY AND IT WON'T LAST!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/97804921

    198 W Elmwood Avenue Burbank, CA 91502

    • Price: $2,100,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: PW19190722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,804
    SQFT
    $437
    $/SQFT
    1953
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    OPPORTUNITY KNOCKS! 6 unit apartment building in excellent high demand area with no rent control. All units 2 bedrooms, 1 bath. Well-maintained building with same owner since 1986. Kitchens have newer appliances and granite counters, plumbing is copper, new sewer line, dual pane windows, recessed lighting, 1 covered carport per unit. lots of closet space, spacious rooms. Pictures of one unit interior have been added. New roof on carport. The landscaping is immaculate and has automatic sprinkler system. All have wall air conditioners and most wall heaters have been replaced. Close to Downtown Burbank with restaurants galore, Bob Hope Airport, Warner Bros., Disney Animation Studios, Mall, movie theaters. The 5 freeway is very close but not too close. THIS IS A MUST-SEE PROPERTY AND IT WON'T LAST!!
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features 6-10 Units/AcreLandscapedLot 6500-9999Sprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Interior Features Copper Plumbing Full Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 282.00 Elevation Units Feet Fuel Expense 156.00 Gardener Expense 1280.00 Gross Income 428.00 Gross Scheduled Income 126900.00 Insurance Expense 3555.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 428.00 Laundry YN Yes Maintenance Expense 10759.00 Net Operating Income 87835.00 New Construction YN No New Taxes Expense 5017.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number Wall AC 6 Operating Expense 39065.00 Other Expense 9259.00 Other Expense Description Upgrades Pest Control Expense 648.00 Professional Management Expense 4139.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Sprinklers YN Yes Supplies Expense 191.00 Total Actual Rent 10575.00 Total Expenses 39065.00 Trash Expense 1829.00 Water Sewer Expense 1935.00 Water Source Public Year Built Source Assessor Zoning Bur4*

    Listing provided courtesy of Marsha Wiggins of Berkshire Hathaway Homeservice


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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