SOLD 3/30/2021
317 S Lake Street, Burbank, CA 91502
5
beds 4
baths 2461
ft2 · 7701
ft2 lot$1,155,000
$508 / ft2
Listing provided courtesy of Listing Broker: Anita Rich, Compass.
Source CRMLS.
Exceptional investment opportunity in this well-located with upside potential 4-unit building in the heart of Burbank. Units in average condition. Both buildings have new roofs (The units and the separate garage) The possible owner's unit has 2 beds, 1 bath, and outdoor patio. The 3 other units have 1 bed 1 bath each. All units are extremely low rents at $1,150 per month. Same owner for 40 years. Exclusions: Washer and Dryer. The agent is related to seller.
HOA
$—/month
On market
a month
Year built
1949
Property type
Multi-Family
Parking
4
MLS
21687102
Price / Sq.Ft.
$508 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,250,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$243/day
$0
Best
Flyhomes Guaranteed Offer
$6,250
- -
$6,250
Better
Discount Brokerage
$4,625
not offered
$4,625
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•
Appliances: Refrigerator
•
Has Appliances
Heating & Cooling
•
Has Heating
•
Heating Details: Central
•
Cooling Details: Central Air
Interior Size
•
Building Area Total: 2461.00
Property, Lot, Community & Exterior Features
Parking Info
•
Parking Available: 1
•
Parking Features: Garage - Two Door
•
Garage Spaces: 4.00
Building Info
•
Zoning: BUR4*
•
Stories Total: 1
Community Info
•
Number Of Buildings: 1
•
Total Units: 4
Lot Info
•
Lot Size Acres: 0.1700
•
Lot Size Area: 7701.0000
•
Lot Size Units: Square Feet
Property Type
•
Architectural Style: Mid Century Modern
Listing Details, Costs & Financing Information
Financial Info
•
Gross Operating Income: 48370.00
•
Vacancy Allowance Rate: 0.00
•
Total Actual Rent: 4600.00
•
Total Expenses: 6830.00
•
Gross Multiplier: 22.64
Tax/Assessment Info
•
Gross Income: 4600.00
•
Tax Year: 2019
•
Taxes: 1457.0
Lease Info
•
Net Operating Income: 55200.00
Other
•
Financial Info As Of: 2021-01-31 00:00:00
Listing Info
•
Status: Closed
Multi Unit Information
Unit 3 Information
•
Unit 3 Bedrooms: 1
•
Unit 3 Actual Rent: 1150.00
•
Unit 3 Total Units: 3
•
Unit 3 Furnished Units: Unfurnished
•
Unit 3 Bathrooms: 1
•
Unit 3 Total Rent: 1150.00
Unit 2 Information
•
Unit 2 Actual Rent: 1150.00
•
Unit 2 Bedrooms: 1
•
Unit 2 Total Units: 2
•
Unit 2 Furnished Units: Unfurnished
•
Unit 2 Bathrooms: 1
•
Unit 2 Total Rent: 1150.00
Unit 1 Information
•
Unit 1 Bedrooms: 2
•
Unit 1 Total Units: 1
•
Unit 1 Furnished Units: Unfurnished
•
Unit 1 Bathrooms: 1
•
Unit 1 Actual Rent: 1150.00
•
Unit 1 Total Rent: 1150.00
Unit 4 Information
•
Unit 4 Actual Rent: 1150.00
•
Unit 4 Total Units: 4
•
Unit 4 Furnished Units: Unfurnished
•
Unit 4 Total Rent: 1150.00
•
Unit 4 Bathrooms: 1
•
Unit 4 Bedrooms: 1
Multi Unit Information
•
# Of Units: 13
School Neighborhood & Directions
School Info
•
Directions: Take W Verdugo Ave. to S Lake St. Turn left onto S Lake St. Destination will be on the left.
Other
Calculation
•
Dom: 39
•
Cdom: 39
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.
Data last updated: Apr 22, 2021 11:00pm
Neighborhood snapshot
11
Properties for sale
26
Median days on market
$520.27
Median sold price/sqft
100.47%
Sold/List %
walk score® :
transit score® :
bike score® :
Property History
03/30/2021
03/30/2021
CRMLS #21687102
sold
CRMLS #21687102
$1,250,000
—
02/01/2021
02/01/2021
CRMLS #21687102
active
CRMLS #21687102
$1,250,000
—
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California DRE #02012110
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
California DRE #02012110
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
