$3,000,000
$3,000,000
For more information regarding the value of a property, please contact us for a free consultation.
225 Valencia Burbank, CA 91502
0.33 Acres Lot
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB19187746
Sold Date 12/13/19
HOA Y/N No
Year Built 1948
Lot Size 0.330 Acres
Property Description
Actual address is 225 - 227 E. Valencia. NON-RENT CONTROL. Proforma can achieve 5.65 Cap. Property consist of Two Buildings on Two separate Lots. 5 Units per building - Garden style. Each building consist of (3) 1 bedroom +1 bath on ground level and (2) 2 bedroom +1 bath in back. Twin buildings with lush greenery and white wrought iron railings. (4) 1 car garages in rear, 2 open parking spots inside and plenty of street parking. Separate Laundry on premises with 1 washer and 1 dryer - coin operated and good size owner storage shed. Close to shopping, IKEA, transportation, Restaurants, Burbank mall, Hospital.
Rents are well under market - long term tenants - good upside potential in non-rent control Burbank.
Buildings are to be sold together.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Natural Gas, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile, Vinyl, Wood
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer, Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing 1031 Exchange, Owner May Carry, Submit
Listing Terms 1031 Exchange, Owner May Carry, Submit
Financing Seller Financing
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Deborah Ivone • California R.E.Services