234 N Cordova Street

    Burbank, CA 91505
    • $1,498,000
    • STATUS: Active Under Contract
    • ON SITE: 84 days
    • ID#: SR18231185
    Under Contract
    UPDATED: 20 min ago
    $1,498,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,558
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Welcome to this rare 4 unit, non rent controlled 1930s Spanish Style apartment building in prime Burbank. With each unit being approximately 850+ square feet, and a total building square footage of approx. 3,558 square feet, properties like this rarely become available. This property is zoned BUR4* and is fully occupied. Each unit consists of a 1 bedroom/1 bathroom with private indoor laundry room. Charming features such as high coved ceilings and fireplace. An upstairs unit has French doors opening to a private balcony. Additionally, each unit is separately metered for gas and electricity. Water and sewer are on a shared meter. Sewer is billed to the individual units. Water is billed to owner. Detached 4 car garage + ample parking. This is a great opportunity for a small investor, owner who wants to live in one unit and rent the others, or a seasoned investor who would like to add a piece of Burbank charm to their portfolio! Located in the media capital of the world and home to Warner Brothers Studios, Disney Studios, Nickelodeon Studios, and NBC! Burbank has over 80 restaurants, with the Lakeside Golf Club and Equestrian Center close by. Top ranked schools, easy access to the 5 and 134 freeway, and close proximity to the Burbank Metrolink.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T17:28:43.673. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/87845256

    234 N Cordova Street Burbank, CA 91505

    • Price: $1,498,000
    • Status: Active Under Contract
    • Updated: 20 min ago
    • ID#: SR18231185
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,558
    SQFT
    $421
    $/SQFT
    1930
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    Welcome to this rare 4 unit, non rent controlled 1930s Spanish Style apartment building in prime Burbank. With each unit being approximately 850+ square feet, and a total building square footage of approx. 3,558 square feet, properties like this rarely become available. This property is zoned BUR4* and is fully occupied. Each unit consists of a 1 bedroom/1 bathroom with private indoor laundry room. Charming features such as high coved ceilings and fireplace. An upstairs unit has French doors opening to a private balcony. Additionally, each unit is separately metered for gas and electricity. Water and sewer are on a shared meter. Sewer is billed to the individual units. Water is billed to owner. Detached 4 car garage + ample parking. This is a great opportunity for a small investor, owner who wants to live in one unit and rent the others, or a seasoned investor who would like to add a piece of Burbank charm to their portfolio! Located in the media capital of the world and home to Warner Brothers Studios, Disney Studios, Nickelodeon Studios, and NBC! Burbank has over 80 restaurants, with the Lakeside Golf Club and Equestrian Center close by. Top ranked schools, easy access to the 5 and 134 freeway, and close proximity to the Burbank Metrolink.
    Exterior Features

    Architectural Style Spanish Construction Materials FrameStucco Foundation Details RaisedSee Remarks Garage Spaces 4.00 Lot Features Back YardFront YardLandscapedLawnLevel With StreetLot 6500-9999Lot-Level/FlatYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - AsphaltGarageGarage - Front EntrySee Remarks Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof FlatOther Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DishwasherFree Standing RangeGarbage Disposal Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 885 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 Cooling YN Yes Door Features French Doors Fireplace Features Living RoomElectricSee Remarks Fireplace YN Yes Flooring LaminateSee RemarksTileVinyl Heating Floor FurnaceWall HeaterSee Remarks Heating YN Yes Interior Features BalconyCeiling FanCeramic CountersTile Counters Laundry Features InsideSee RemarksWasher Hookup Levels Two Room Type KitchenLaundryLiving RoomSee Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Elevation Units Feet Exclusions Tenants Personal Property is Hereby Excluded in its Entirety. Gardener Expense 200.00 Gross Income 79740.00 Gross Scheduled Income 79740.00 Insurance Expense 4200.00 Land Lease YN No Laundry YN Yes Net Operating Income 56615.00 New Construction YN No New Taxes Expense 18725.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 23125.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6645.00 Total Expenses 24325.00 Trash Expense 0.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Bur4*

    Listing provided courtesy of Stephanie Vitacco of Keller Williams Encino-Sherman.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T17:28:43.673. 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. Licensed in the State of California, USA.
     
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