2664 N Frederic Street, Burbank, CA 91504
- $1,325,000
- Sold Price
- $1,325,000
- List Price
- $1,374,900
- Closing Date
- Jul 01, 2024
- Status
- CLOSED
- MLS#
- BB24098359
- Year Built
- 1951
- Lot Size
- 6,041
- Acres
- 0.14
- Lot Location
- Front Yard, Lawn, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot, Street Level, Walkstreet
- Days on Market
- 9
- Property Type
- Multifamily
- Property Sub Type
- Triplex
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!
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Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 3
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $5,750
- Operating Expense
- 750
Listing courtesy of Listing Agent: Barry Burnett (Barry@BarryBurnett.net) from Listing Office: Barry Burnett Realty, Inc..
Listing sold by Vardkes Bazikian from Imperial Realty Co.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.