225 Valencia

    Burbank, CA 91502
    • $3,000,000
    • STATUS: Active Under Contract
    • ON SITE: 42 days
    • ID#: BB19187746
    Under Contract
    UPDATED: 48 min ago
    $3,000,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,634
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Actual address is 225 - 227 E. Valencia. NON-RENT CONTROL. Proforma can achieve 5.65 Cap. Property consist of Two Buildings on Two separate Lots. 5 Units per building - Garden style. Each building consist of (3) 1 bedroom +1 bath on ground level and (2) 2 bedroom +1 bath in back. Twin buildings with lush greenery and white wrought iron railings. (4) 1 car garages in rear, 2 open parking spots inside and plenty of street parking. Separate Laundry on premises with 1 washer and 1 dryer - coin operated and good size owner storage shed. Close to shopping, IKEA, transportation, Restaurants, Burbank mall, Hospital.Rents are well under market - long term tenants - good upside potential in non-rent control Burbank.Buildings are to be sold together.

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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/97652022

    225 Valencia Burbank, CA 91502

    • Price: $3,000,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • ID#: BB19187746
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    6,634
    SQFT
    $452
    $/SQFT
    1948
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    Actual address is 225 - 227 E. Valencia. NON-RENT CONTROL. Proforma can achieve 5.65 Cap. Property consist of Two Buildings on Two separate Lots. 5 Units per building - Garden style. Each building consist of (3) 1 bedroom +1 bath on ground level and (2) 2 bedroom +1 bath in back. Twin buildings with lush greenery and white wrought iron railings. (4) 1 car garages in rear, 2 open parking spots inside and plenty of street parking. Separate Laundry on premises with 1 washer and 1 dryer - coin operated and good size owner storage shed. Close to shopping, IKEA, transportation, Restaurants, Burbank mall, Hospital.Rents are well under market - long term tenants - good upside potential in non-rent control Burbank.Buildings are to be sold together.
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/Acre 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

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S)Electric Cooling YN Yes Flooring CarpetLaminateTileVinylWood Heating Wall FurnaceNatural Gas Heating YN Yes Laundry Features CommunityIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 1070.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1440.00 Gross Income 169320.00 Gross Scheduled Income 169320.00 Insurance Expense 5000.00 Land Lease YN No Laundry YN Yes Licenses Expense 100.00 Net Operating Income 121930.00 New Construction YN No New Taxes Expense 37500.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 10 Number With Range 10 Operating Expense 47390.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 13940.00 Total Expenses 47390.00 Trash Expense 930.00 Water Sewer Expense 1350.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Don Ivone of California R.E.Services


    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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