Burbank, CA 91504,2664 N Frederic ST
Burbank, CA 91504,2664 N Frederic ST
Burbank, CA 91504,2664 N Frederic ST
Burbank, CA 91504,2664 N Frederic ST
Burbank, CA 91504,2664 N Frederic ST
Burbank, CA 91504,2664 N Frederic ST
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$1,325,000

$1,374,900

3.6%
Est.Price: ?

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Est. payment /mo

6,041 Sqft Lot


SOLD DATE : 07/01/2024

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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California Regional MLS (CRMLS)
Listed by Barry Burnett • Barry Burnett Realty, Inc. • Barry@BarryBurnett.net
Bought with Vardkes Bazikian • Imperial Realty Co.
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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