1813 West Victory Boulevard, Burbank, CA 91506

$775,000 Approx. USD 0 beds, 0 baths
1,680 sqft

Agent Remarks

PLEASE, DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS IN ANY WAY or TRESPASS ONTO PROPERTY. PROPERTY TO BE SOLD IN "AS IS" CONDITION. NO REPAIRS TO BE MADE.Quaint, non-rent control, one-story, garden-style 4-plex. Great price for 4-plex centrally located near "5 Corners". Walk Score 78! Walk to stores, eateries. Easy access to 5 Frwy. Tremendous upside in rents of ~30%+. Most tenants on month-to-month lease. New owner can achieve market rents after upgrading units. Built in 1941, interiors offer features not available in modern buildings, i.e., paneled walls, built in bookshelf and brick fireplace. Stove and refrigerator included. Four enclosed single garages in rear of property provide additional income stream. Individually metered for gas and electric. Property to be sold with immediately adjacent 4-plex bldg. Investor can further increase cash flows with possible residential financing amortized over 30 yrs. Perfect entry-level investment property for first time investor or for one who desires to live in one unit and rent the others. Property is zoned BUR4* providing future redevelopment opportunity. Inspections with accepted offer. Buyer to verify all information.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# SR16154162
List price is $775,000 Reduced by $175,000 on 10/20/2016
Beds: 0
Baths: 0
Built in 1941
1,680 sqft
0.14 acres
County: Los Angeles
Property style: Cottage
Zoning: BUR4*
Parking type: Garage,Private (N),Garage - Single Door (N),Parking for Guests - Onsite
Exterior features: Wood
Appliances: Refrigerator
Parking description: Driveway - Concrete,Garage Door Opener,Shared Driveway
Lot description: Lot-Level/Flat,Curbs,Lot Shape-Rectangular,Street Lighting,Lawn,Sidewalks
Heating description: Other,Space Heater,Wall Heater
MLS area: Burbank (610)

Last Updated: 11/26/2016

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This listing belongs to the Burbank (610) MLS area

The style of this listing is Cottage.
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The listing is zoned BUR4.
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Lat/Long: 34.184803, -118.331078.
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Broker: Courtesy of Marcus & Millichap
Listing Agent: Leilani Tedeski

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