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2664 N Frederic ST Burbank, CA 91504
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Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB24098359
Sold Date 07/01/24
HOA Y/N No
Year Built 1951
Lot Size 6,041 Sqft
Property Description
The MOST STUNNINGLY WELL MAINTAINED TRIPLEX available in Prime Burbank Hill area! ALL three units are 2+1, featuring splendid upgrades- all dual glazed energy efficient glass, new stucco, newer HVAC on 2 units, new water heaters, gorgeous landscaping, a super quiet cul-de-sac neighborhood surrounded by Burbank's 150,000+ jobs, and all major Studios and production firms nearby. Super access to Burbank Airport but no flight noise! Next to I-5, but giant sound wall, so quiet. Onsite laundry room for tenant ease, plus 3 garages (ADU upside possibly?) and additional off-street parking space. "Drool-worthy" investment, pride of ownership throughout! HUGE UPSIDE: Now laundry room earns $75 mo, but could be $135 mo with price adjustment. One garage not included in lease and can be rented for $200+ mo (other 2 run with current leases); Open parking pad can be rented to RV for $365+ mo instantly. Rents should all be increased as the terms finish: ALL VERY LOW! Proforma rents within two years if garages and pad rented, rents increased, etc (even without ADUs!) should be $8,870 mo/$106,440 yr. by calculating one turnover/new tenant. Look at this splendid LONG TERM ownership property!
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, In Garage
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Foothills, Gutter(s), Suburban, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Lawn, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot, Street Level, Walkstreet
Story 1
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 2473021019
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Vardkes Bazikian • Imperial Realty Co.