524 N Florence
About This Property
From the moment you walk through the front door you will feel transported to a simpler time, when everyone fell in love with Burbank homes and neighborhoods. Hardwood floors grace most rooms except for kitchen and baths. The living and dining rooms have large windows that offer an abundance of natural light. Charm and Character come to mind with the wainscot detail on the walls and decorative touches on the mantel.
Original kitchen has lots of counter space and plenty of cabinets. There are washer and dryer hook ups.
The main bath is a full bath with, original ceramic tiles on both the counter and in the shower. Second Bath has walk in shower, Second bedroom with original cabinets also take you back in time. Den has a closet conversion from where the hot water heater was housed. Rear yard is an open canvas large cement slab for your future outdoor living space. Two car garage. Large rear yard with lots of room for your imagination.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Listed by Equity Union | $1,079,000 | |
| Listed by Equity Union | |||
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About Burbank
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017