2215 N Fairview Street

    Burbank, CA 91504
    • $1,265,000
    • STATUS: Closed
    • ON SITE: 171 days
    • ID#: PF19246207
    Sold - 03/24/2020
    $1,265,000
    SOLD - 03/24/2020
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,315
      SQFT
    • $546
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    This triplex consists of a main 3-bedroom, 2-bathroom house in front with one car garage as well as two 1-bedroom, 1-bathroom units at the back of the property. One of the back units has two car garage and the other one car garage. The back units are updated. This is ideal for someone to live in one unit and rent the other two, or rent all three units. The main house currently rents for $2,350.00, but it could potentially be rented for $3,000.00. The impact of California AB1482 will not be much of an impact on this investment as the current tenants are on month to month basis. The property currently makes about $72,000. Tranquil shaded backyard features mature fruit trees. It+GGs located on a serene street near major shopping, minutes away from the Burbank airport. Stable, long term tenants in the main house and the back unit are on month to month basis, but would like to stay.

    Sold by Susan Dumas of Keller Williams Beverly Hills.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T13:27:38.05. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Innovations - Leslie Wilson. Licensed in the State of California, USA.

    www.inlandlivinghomes.com/homes/100072606

    2215 N Fairview Street Burbank, CA 91504

    • Price: $1,295,000
    • Status: Closed
    • Updated: 77 min ago
    • ID#: PF19246207
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,315
    SQFT
    $546
    $/SQFT
    1940
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    This triplex consists of a main 3-bedroom, 2-bathroom house in front with one car garage as well as two 1-bedroom, 1-bathroom units at the back of the property. One of the back units has two car garage and the other one car garage. The back units are updated. This is ideal for someone to live in one unit and rent the other two, or rent all three units. The main house currently rents for $2,350.00, but it could potentially be rented for $3,000.00. The impact of California AB1482 will not be much of an impact on this investment as the current tenants are on month to month basis. The property currently makes about $72,000. Tranquil shaded backyard features mature fruit trees. It+GGs located on a serene street near major shopping, minutes away from the Burbank airport. Stable, long term tenants in the main house and the back unit are on month to month basis, but would like to stay.
    Exterior Features

    Garage Spaces 4.00 Lot Features Back YardCorner LotFront YardLandscapedLawnLot 6500-9999Sprinkler SystemSprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Asphalt

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One Above Flooring Bamboo Interior Features Ceiling Fan(S)Granite Counters Laundry Features Common AreaIn KitchenInside Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.30 Community Features SidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 140.00 Gross Income 72000.00 Gross Scheduled Income 72000.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 59144.00 New Construction YN No New Taxes Expense 15600.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number With Range 3 Number With Refrigerator 3 Operating Expense 12856.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Total Expenses 12856.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Bur4*

    Listing provided courtesy of Stephen Biskup of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T13:27:38.05. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Innovations - Leslie Wilson. Licensed in the State of California, USA.

     
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