1201 W Verdugo Avenue Burbank, CA ^$ 2,000,000

1201 W Verdugo Avenue

^$ 2,000,000

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1201 W Verdugo Avenue

Burbank, CA, 91506

^$ 2,000,000

Bedrooms10 Baths1.0 Sq 4,337

Monthly Estimate*

^$ 13,971

Listed by Valdez Realty

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 1

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 2

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 3

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 4

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 5

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 6

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 7

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 8

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 9

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 10

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 11

1201 W Verdugo Avenue, Burbank, CA 91506 - Image 12

Multi-Family Home for sale in Burbank, CA

for $2,000,000 with 10 bedrooms and 1 full bath. This 4,337 square foot home was built in 1953 on a lot size of 0.1906.

5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New windows installed this year. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.

Multi-Family Active

Price

^$ 2,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1906

Year Built

1953

Town/City

Burbank

County/Region

Los Angeles

MLS | Web ID

SR24052054

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling WallWindowUnits

Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Roof Composition

Appliances Disposal

Zoning BUR3*

Garage Spaces 5.0

Pool Features None

Construction Materials Stucco

Year Built 1953

Electric Standard

Tenant Pays CableTV Electricity Gas

View None

Property SubType Apartment

Gross Income 0.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 89867.0

Operating Expense 7117.0

Insurance Expense 1923.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Buyer to cooperate with seller's 1031 exchange at no cost to buyer.

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions South of W. Olive Ave and East of N Buana Vista Blvd

City Burbank

Entry Location 1st & 2nd Floor

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

Total Units 5

MLS Area 610 - Burbank

Lot Size Square Feet 8304.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 5

Street Name Verdugo

Listing Terms Item1031Exchange

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 420.0

Home Warranty Y/N N

Fuel Expense 244.0

Trash Expense 0.0

Water Sewer Expense 1380.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 11

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Property Sub Type Additional Apartment

Cap Rate 3.39

Interior

Flooring Vinyl Wood

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 2

Electric On Property Y/N N

Exterior

Parking Features Assigned

Lot Features Item01UnitAcre

Water Source Public

Total Parking 7.0

Lot Size Area 8304.0

Foundation Details Slab

Number of Buildings 1

Spa N

Building Area Total 4337.0

Lot Size Acres 0.1906

Road Surface Type Paved

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1201

* Excluded Features

List By

Valdez Realty

Broker

(818) 522-2863

Phone

Affordability Calculator

$13,971

Per Month

Monthly Principal & Interest: $13,971
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Burbank, CA

Average List Price ^$2,378,835

Percent of Sale Price 19%

About Burbank, CA

4,839 Population

2% Since 2002

^$64,570 Median Income

36.57 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2024	$2,000,000		Listed Price

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1201 W Verdugo Avenue, Burbank, CA, 91506 is a Multi-Family Home for sale at $2,000,000 with 4,337 sqft and a lot size of 0.1906. 1201 W Verdugo Avenue has 10 bedrooms, 1.0 baths, and was built in 1953. The property's zip code is 91506 which is in Burbank, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/3/2024. 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.

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1201 W Verdugo Avenue

Multi-Family Home for sale in Burbank, CA

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