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Burbank, CA 91506 1201 W Verdugo Avenue

$2,000,000

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Presented By: Richard Valdez with Valdez Realty; 818-522-2863
  • MLS# SR24052054
  • 03/14/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 1
  • FootageSQFT • 4,337
  • GarageGarage • 5

Home Details

5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New windows installed this year. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
Presented By: Richard Valdez with Valdez Realty; 818-522-2863

Interior Features for 1201 W Verdugo Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl, Wood
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level2

General for 1201 W Verdugo Avenue

Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.39
Carport Y/NNo
CityBurbank
Community FeaturesSidewalks
Construction MaterialsStucco
ContingencyBuyer to cooperate with seller's 1031 exchange at no cost to buyer.
CoolingWallWindowUnits
CountyLos Angeles
Days on Market11
DirectionsSouth of W. Olive Ave and East of N Buana Vista Blvd
ElectricStandard
Electric Expense420.0
Entry Location1st & 2nd Floor
Fuel Expense244.0
Garage Spaces5.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1923.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsItem1031Exchange
Lot Size Square Feet8304.0
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income89867.0
New ConstructionNo
Number of Units Leased5
Open Parking Spaces2.0
Operating Expense7117.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameVerdugo
Tax Lot7
Tenant PaysCableTV, Electricity, Gas
Total Units5
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense1380.0
Waterfront Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningBUR3*

Exterior for 1201 W Verdugo Avenue

Building Area Total4337.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1906
Lot Size Area8304.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned
Road Surface TypePaved
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,000,000
MLS#SR24052054
List Date 03/14/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors