1
Map
$3,714,500
●
Land -
Off Market
366 372 Burchett Street
Glendale, CA 91203
Studio
0 Bath
$6,244,862
RealtyHop Estimate
66.53%
Since Dec 1, 2016
CA-Los Angeles
Primary Model
About This Property
Smart Developers Dream. This project is approved for 18 luxury
modern one and two level homes. Price includes the approved plans
and permits to start the project. Close escrow and start the next
day. Seller has not applied for Tentative Tract Map, however the
project is designed with all the specifications, including parking
requirement for the subdivision of the units. The project consists
of; One 4 br-2.5 bth - TH- Appx. 2111 SF Three 3 br-2.5
bth - CN Avg. 1425 SF Three 3 br-2.5 bth - TH Avg. 1591 SF
Four 2 br-2 bth CN - Avg. 954 SF Six 2 br-2.5 bth - TH
- Avg. 1200 SF One 1 br-1bth CN - Appx. 717 SF The
project is very attractive with a modern look and spacious and
functional layouts. All units have their own private balconies.
The property is located in the sought after north
Glendale and is conveniently located close to the new Trader Joe's/
Walgreens, Ralph's, Coffee Bean and Glendale's thriving Financial
District and The Americana at Brand.
Unit Size
-
Days on Market
90 days
Land Size
0.45 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
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Year Built
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #316008284)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2016 | Sold | ||
| Sold | |||
| Sep 1, 2016 | Listed by Keller Williams R. E. Services | $3,750,000 | |
| Listed by Keller Williams R. E. Services | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Fremont Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Nick And Mike, Keller Williams R. E. Services
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 316008284
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 316008284
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