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611 S 6th Street, Burbank, CA 91501$5,395,000

6
beds
18
baths
10340
ft2
· 8233
ft2 lot
$522 / ft2

Listing provided courtesy of Cindy Hill, Keller Williams Encino-Sherman Oaks
Source CRMLS;
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We are proud to represent this 10-unit apartment building in Burbank. The building was constructed in 1987. Its unit mix consists of (2) one-bedroom, one-bathroom units, (6) two-bedroom, two-bathroom units, and (2) three-bedroom, two-bedroom units. All (5) upstairs units feature lofts and al (5) downstairs units feature patios. With a lot size of 8,232 square feet, the property has a total of 9,704 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The building is a Burbank trophy property maintained by the original owner-builder. The downstairs units feature patios and hardwood floors, and all tenants enjoy dishwashers, open floor plans, central a/c, mirrored closets, and washer and dryer hookups in units. The property is separately metered for gas and electricity.

HOA

$—/month

On market

1 month

Year built

1987

Property type

Multi-Family

Parking

18

MLS

SR21208895

Price / Sq.Ft.

$522 / ft2

Status

Active

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Home details for 611 S 6th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Community, Gas & Electric Dryer Hookup, See Remarks, Washer Hookup
•   
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
Interior Size
•   
Building Area Total: 10340.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 18.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: BUR4*
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Lawn
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1890
•   
Lot Size Area: 8233.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 10
Property Features
•   
Common Walls: 1 Common Wall
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 10
•   
Number Of Separate Gas Meters: 10
•   
Number Of Separate Water Meters: 10
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1212.00
•   
Cap Rate: 4.75
•   
Fuel Expense: 204.00
•   
Trash Expense: 0.00
•   
Insurance Expense: 2853.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 77475.00
•   
Gross Scheduled Income: 332400.00
•   
Operating Expense: 77475.00
•   
Gross Multiplier: 15.69
Tax/Assessment Info
•   
Gross Income: 332400.00
•   
Tax Year: 2021
•   
Taxes: 15834.7
Lease Info
•   
Net Operating Income: 256353.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 612.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 3
•   
Unit 3 Actual Rent: 7600.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 4.00
•   
Unit 3 Bathrooms: 4
•   
Unit 3 Total Rent: 7600.00
Unit 2 Information
•   
Unit 2 Actual Rent: 15950.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 12
•   
Unit 2 Garage Spaces: 12.00
•   
Unit 2 Total Rent: 15950.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 4150.00
•   
Unit 1 Total Rent: 4150.00
Multi Unit Information
•   
# Of Units: 3
•   
Price Per Unit: 539500
School Neighborhood & Directions
Location
•   
Community Features: Suburban, Urban, Valley
School Info
•   
Directions: Just north of Glenoaks; east of Glenoaks
Other
Calculation
•   
Dom: 34
•   
Cdom: 34

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Burbank
22
Properties for sale
12
Median days on market
$536.12
Median sold price/sqft
104.20%
Sold/List %
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Property History for 611 S 6th Street

09/22/2021
09/22/2021
CRMLS #SR21208895
active
CRMLS #SR21208895
$5,395,000

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