1700 W Victory Boulevard,  Burbank CA, 91506 (Residential Income)

7,424 sqft
Status: Sold
MLS#: BB14204859
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Last Updated: 12/6/2016 2:59 AM
Description for 1700 W Victory Boulevard Burbank, CA 91506
Fabulous 12 unit building on a large corner lot, held by the same family for decades! 8 units with 1 bed, 1 bath, 4 units with 2 beds and 1 bath. All units have their own electrical and gas meters. All units are in original condition with few updates, some clean and some will need work. Laundry room onsite with owner machines. 9 carport style covered parking spots, plus other off and on street parking. No leases but long term tenants with low rents - No rent control in Burbank. The up side potential is amazing! Trust sale, sold completely AS-IS, seller will make no repairs or updates.
Price
Sold Price:
$2,175,000
Sold Date:10/31/2014
Los Angeles
7,424 (approx)
BB14204859
Closed
Description
Fabulous 12 unit building on a large corner lot, held by the same family for decades! 8 units with 1 bed, 1 bath, 4 units with 2 beds and 1 bath. All units have their own electrical and gas meters. All units are in original condition with few updates, some clean and some will need work. Laundry room onsite with owner machines. 9 carport style covered parking spots, plus other off and on street parking. No leases but long term tenants with low rents - No rent control in Burbank. The up side potential is amazing! Trust sale, sold completely AS-IS, seller will make no repairs or updates.
Listing Information
Property Type: Cluster, Traditional, 2 Story
0.27 Acres 7,424 (approx)
$292.97 1953
2
Public Water Service
Sewer at Street
12 Total
Neighborhood
Room Information
Laundry Area, Common
Interior Features
Window/Wall Unit
No Fireplace
Exterior / Lot Features
9 Parking Spaces, Detached Carport, Covered, No Driveway, On Site, Street Parking
Composition, Shingle
None
No Pool
BUR4*
Sidewalks, Street Lights, Curbs Walk
Financial Considerations
2438026019
$3,505
$93,720 Income ,$31,051Expense
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91506 has a population of 109,209.

The median household income in Burbank, California 91506 is $63,627. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Burbank 91506 is 37.5 years.

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Courtesy: Keller Williams WMC David Fogg
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