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SOLD 5/27/2021

1028 W Angeleno Avenue, Burbank, CA 91506$1,295,000

4
beds
3
baths
2175
ft2
· 7030
ft2 lot
$575 / ft2

Listing provided courtesy of Listing Broker: Steven Marx, Core Real Estate
Source CRMLS;
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Excellent opportunity to own a triplex in highly sought after Burbank. Built in 1948, this multi-family investment contains 2,175 sf of living area on a 7,030 sf lot. The subject property features three (3) well maintained and charming ground floor units consisting of two (2) 1 BR/1 BA units and one (1) 2 BR/1 BA unit. All three units contain central air & heat, ceiling fans, exposed hardwood floors, tiled kitchen and bathroom floors, separate water heaters, and private front and rear entry doors. The rear two-bedroom unit (Unit C) was updated in 2006 and contains a granite countertop and breakfast bar, formal dining room, and private rear patio. Two of the three units contain dishwashers and garbage disposals. A three-car garage is located at the rear of the property and allows for three additional off-street parking spaces. The property has a common area laundry room with coin-operated Maytag washer and dryer (owned and will convey with sale). Two tenants are currently month-to-month with the third tenant (Unit B) and lease extending until October 2021. Exceptional rental and conveniently located in close proximity to studios, freeways, Burbank Town Center, Empire Center, Costco, Downtown Burbank Metrolink Station, and George Izay/Olive Park.

HOA

$0/month

On market

7 days

Year built

1948

Property type

Multi-Family

Parking

6

MLS

BB21080143

Price / Sq.Ft.

$575 / ft2

Status

Closed

Home details for 1028 W Angeleno Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Dryer Included, Individual Room, Washer Included
•   
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater
•   
Has Appliances
•   
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Galley Kitchen, Laundry, Living Room
•   
Average2 Bed Area: 902
•   
Average1 Bed Area: 637
Interior Features
•   
Interior Features: Ceiling Fan(s), Ceramic Counters, Formica Counters, Granite Counters, Tile Counters
•   
Window Features: Screens
Heating & Cooling
•   
Has Heating
•   
Heating Details: Forced Air
•   
Cooling Details: Central Air
Flooring
•   
Flooring: Tile, Wood
Interior Size
•   
Building Area Total: 2175.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Asphalt, Paved, Driveway Level, Garage Faces Side, Garage - Three Door, Off Street
•   
Garage Spaces: 3.00
•   
Uncovered Spaces: 3.00
•   
Carport Spaces: 0.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Maintained, Paved
•   
Number Of Buildings: 1
•   
Total Units: 3
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: BUR3*
•   
Roof: Composition, Shingle
•   
Foundation Details: Raised
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Frame, Stucco
Lot Info
•   
Lot Features: Front Yard, Landscaped, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers Timer, Utilities - Overhead
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1614
•   
Lot Size Area: 7030.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Fencing: Wood
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls, No One Above
•   
Exterior Features: Rain Gutters
Property Type
•   
Architectural Style: Traditional
Exterior Features
•   
Direction Faces: North
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer, Sewer Paid
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 33.70
•   
Gross Operating Income: 62565.00
•   
Water Sewer Expense: 600.00
•   
Laundry Income: 900.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 1800.00
•   
Cap Rate: 3.37
•   
Laundry Equipment Own Lease: Own
•   
Total Actual Rent: 64500.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 720.00
•   
New Taxes Expense: 14375.00
•   
Insurance Expense: 1750.00
•   
Vacancy Allowance: 1935
•   
Total Expenses: 21385.00
•   
Gross Scheduled Income: 64500.00
•   
Maintenance Percent: 2.84
•   
Operating Expense: 21385.00
•   
Gardener Expense: 600.00
•   
Gross Multiplier: 19.38
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 64500.00
•   
Tax Year: 2020
•   
Taxes: 9270.0
Lease Info
•   
Net Operating Income: 42080.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 360.00
Terms
•   
Inclusions: Coin-operated Maytag washer & dryer
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1910.00
•   
Unit 3 Total Units: 1
•   
Has Attached Garage
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 2.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 22920.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1675.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 20100.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1790.00
•   
Unit 1 Total Rent: 21480.00
Multi Unit Information
•   
# Of Units: 3
•   
Number With Patio: 1
•   
Number With Dishwasher: 2
•   
Number Of Units Leased: 3
•   
Number With Disposal: 2
•   
Number With Range: 3
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
School Info
•   
Directions: Olive Avenue, south on Virginia Avenue, east on Angeleno Avenue
Other
Calculation
•   
Dom: 8
•   
Cdom: 8

Neighborhood snapshot

18
Properties for sale
8
Median days on market
$727.12
Median sold price/sqft
105.28%
Sold/List %
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Property History for 1028 W Angeleno Avenue

05/27/2021
05/27/2021
Public Record
sold
Public Record
$1,295,000
+3.60%
05/27/2021
05/27/2021
CRMLS #BB21080143
sold
CRMLS #BB21080143
$1,250,000
04/24/2021
04/24/2021
CRMLS #BB21080143
pending
CRMLS #BB21080143
$1,250,000
04/16/2021
04/16/2021
CRMLS #BB21080143
active
CRMLS #BB21080143
$1,250,000
+102.27%
05/28/2004
05/28/2004
Public Record
sold
Public Record
$618,000
+45.07%
See more property history

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