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Burbank, CA 91502 1019 S Lake Street

$1,525,000

Sold: May 15, 2024
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Presented By: Cindy Hill with Equity Union; 818-640-4360
  • MLS# SR24078775
  • 05/01/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,772

Home Details

We are proud to represent this pride of ownership 4 unit property located in Burbank. The property was constructed in 1944. Its unit mix consists of (2) 1+1 units and (2) 1+1 units. With a lot size of 8,826 square feet, the property has a total of 2,772 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 property is separately metered for gas and electricity
Presented By: Cindy Hill with Equity Union; 818-640-4360

General for 1019 S Lake Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCashtoLoan
Cap Rate4.38
Carport Y/NNo
CityBurbank
Close Price1497800.0
Community FeaturesSuburban, Urban, Valley
CountyLos Angeles
Days on Market
DirectionsJust East of Victory Blvd, off W. Alameda Ave.
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income96840.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2802.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan
Lot Size Square Feet8821.0
MLS Area610 - Burbank
MaintenanceExpense2500.0
MobileHomeRemainsYNNo
Net Operating Income66821.0
New ConstructionNo
Operating Expense27114.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories2
Street NameLake
Tax Lot1
Total Units4
Trash Expense0.0
View Y/NNo
Waterfront Y/NNo
Year Built1944
Year Built SourceAssessor
ZoningBUR4*

Interior for 1019 S Lake Street

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailveronica@equityunion.com
Common WallsItem1CommonWall
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixStreet
Total Stories2

Exterior for 1019 S Lake Street

Building Area Total2772.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesYard
Lot Size Acres0.2025
Lot Size Area8821.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,525,000
MLS#SR24078775
List Date 05/01/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors