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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 4 out of 174
$1,585,000 For Sale

1312 N Buena Vista Street
Burbank, CA 91505

4 units | Multi Family Home
6534 sq ft - MLS# SR18247433
Property Photo
1/44

Description

**DRIVE-BY ONLY. PLEASE DO NOT GO ONTO PROPERTY** Great 4-Unit investment property in beautiful Burbank! Current Gross Rental Income over $82,000/yr with $61k+ Net Income. Estimated Pro-Forma Income of $92k/year!! Low-maintenance and easy to manage building. Perfect for first-time or seasoned investors looking to add to their portfolio. No Rent Control in Burbank. All units are 1 bed + 1 bath (in-demand units) with three of the four units being completely remodeled with renter’s lifestyle and design in mind. Remodeled units include complete re-wiring, new kitchens with appliances (refrigerators included), LED lighting, high-end washer/dryers (gas dryers) in unit and Luxury Vinyl Plank (LVP) flooring (water-resistant/waterproof) throughout with tile floors in the bathrooms. Each unit has one dedicated garage space parking. Major building improvements include new central A/C & heat in all units, new dual-pane windows, new main electrical panel with sub-panels inside units, new garage doors with openers. Building has copper plumbing. Each unit is separately metered for gas and electricity. Water and sewer are on one meter with sewer and trash being billed to individual units and water is billed to owner. Upside potential with rents. Great location, near major studios, Providence Hospital, Empire Center, and great restaurants with easy access to the 5 and 134 freeways. (Note: Pictures of remodeled units were taken prior to current tenants move-in.)

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 91505
  • Year Built: 1943
  • Units: 4 units
  • # of Parking Spaces: 5.00
  • Lot Size: 6534 sq ft
  • Zoning: BUR3*
  • Area: 610 - Burbank
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2336.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Community Features: Curbs, Sidewalks
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Major cross streets are Buena Vista St and Burbank Blvd
  • Electric Expense: 165.00
  • Garage Spaces: 4.00
  • Gardener Expense: 840.00
  • Gross Income: 82560.00
  • Gross Scheduled Income: 82560.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Inclusions: All appliances in units B, C, & D (stove ranges, microwaves, dishwashers (B & C), refrigerators, and washer/dryers.
  • Insurance Expense: 1383.00
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01806614
  • Listing Office License: 01806614
  • Lot Features: Front Yard, Lawn, Sprinkler System
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Net Operating Income: 61327.00
  • New Taxes Expense: 17845.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 21233.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Actual Rent: 6880.00
  • Total Expenses: 21233.00
  • Uncovered Spaces: 1.00
  • Water Sewer Expense: 1000.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Incity Real Estate Services, Artin Arefian



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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