1 /
1
Map
$758,737*
●
Multifamily -
Off Market
1205 W Burbank Boulevard
Burbank, CA 91506
2 Beds
2 Baths
1102 Sqft
$681,000 - $831,000
Reference Base Price*
0.24%
Since Oct 1, 2023
CA-Los Angeles
Primary Model
About This Property
MAJOR FIXER!! SELLER WILL FINANCE!! Rare opportunity for investor,
contractor or owner/user with DIY skills and determination.
Property zoned BUR4*!! Duplex consists of two 1
bedroom, 1 bath units. Tenants are on month-to-month leases
(one tenant is Section 8). Best priced duplex in Burbank.
This property will go quickly so RUN, don't walk!
Additional income potential by converting detached, alley accessible 2-car garage into 1 or 2 additional units as ADUs (verify with Burbank City Building Department). Plumbing connection located at garage. Tremendous upside in rents plus grow current income by adding ADUs. Construct a small laundry room on the property to generate additional income as well as convenience for tenants. Very conservative pro forma cap rate of 5.14% / GRM of only 14.09!
Highly desirable northwest Burbank neighborhood near 5 Points Monument. Abundant and convenient public transportation offerings within short walking distance. Walk Score is 76! Costco, quick service and numerous local restaurants, multiple national retailers all located within walking distance. Minutes to I-5 freeway. Convenient public bus transportation located at the corner and across the street. One mile walk to Burbank Metrolink Station. A short hop, skip, jump to 5 Points Monument. Chandler bike path is only a few blocks away as well.
The manager has listed the unit size as 1102 square feet.
Additional income potential by converting detached, alley accessible 2-car garage into 1 or 2 additional units as ADUs (verify with Burbank City Building Department). Plumbing connection located at garage. Tremendous upside in rents plus grow current income by adding ADUs. Construct a small laundry room on the property to generate additional income as well as convenience for tenants. Very conservative pro forma cap rate of 5.14% / GRM of only 14.09!
Highly desirable northwest Burbank neighborhood near 5 Points Monument. Abundant and convenient public transportation offerings within short walking distance. Walk Score is 76! Costco, quick service and numerous local restaurants, multiple national retailers all located within walking distance. Minutes to I-5 freeway. Convenient public bus transportation located at the corner and across the street. One mile walk to Burbank Metrolink Station. A short hop, skip, jump to 5 Points Monument. Chandler bike path is only a few blocks away as well.
The manager has listed the unit size as 1102 square feet.
Unit Size
1,102Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$687
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1951
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 10, 2023 | No longer available | - | |
No longer available | |||
Sep 8, 2023 | Sold | $710,000 | |
Sold | |||
Aug 31, 2023 | In contract | - | |
In contract | |||
Aug 29, 2023 | No longer available | - | |
No longer available | |||
Aug 8, 2023 | Listed | $756,900 | |
Listed |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Stucco
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Townhouse
3
Beds
3
Baths
1,520 ft²
$543/ft²
$825,000
Aug 22, 2023
-
$400/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/08/2023
|
|
2 Bed
|
2 Bath
|
1102 ft²
|
$756,900
2 Bed
2 Bath
1102 ft²
|
-
-
|
-
|
Leilani Tedeski
Keller Williams Realty-Studio City
|