$1,375,000
$1,499,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
721 E MAGNOLIA E Burbank, CA 91501
7,405 Sqft Lot
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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Bought with Frida Najarian • Prestige Realty Services Inc