Burbank, CA 91501,721 E MAGNOLIA E

$1,375,000

Est. payment /mo

$1,499,000

8.3%
Est.Price: ?

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721 E MAGNOLIA E Burbank, CA 91501

7,405 Sqft Lot

SOLD DATE : 03/22/2013

Key Details

Sold Price $1,375,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12636817

Sold Date 03/22/13

HOA Y/N No

Year Built 1978

Lot Size 7,405 Sqft

Property Description

No rent control! Market rents should bring the gross income to $102,000! Fantastic opportunity to own a large (6,600 sq ft) apartment building north of Glenoaks with a huge owners units with dining room and washer and dryer and central a/c. First time on the market. Very low rents. Non rent control makes it easy to attain market rents immediately. All units are very large and the property is in great shape. Please do not disturb the tenants as they do not know it is for sale. Each unit has 2 covered parking and it has great curb appeal. Possible condo conversion. Please call for more info.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR3*

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Exhaust Fan, Disposal, Refrigerator

Exterior

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story Two

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 2455033005

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Alex Galuz • Crescent Realty Corp.
Bought with Frida Najarian • Prestige Realty Services Inc

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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