Multi-family building, 22 beds 12 baths, 11,219 sf, 12,463 sf lot
Unit #1: 2 beds, 1 bath, $1225/mo
Unit #2: 2 beds, 1 bath, $1275/mo
Unit #3: 2 beds, 1 bath, $1275/mo
Unit #4: 2 beds, 1 bath, $995/mo
Outstanding Opportunity to own a well located property with below market rents. There is approximately 22% upside in the rents. This is based on asking rents on the same street for same period units that have had some updating. A new owner should be able toachieve market rents through scheduled annual rent increases allowed by L. A. Rent Stabilization Ordinance and tenant turnovers. There is secure front intercom access and a remote controlled parking gate with plentiful off-street parking. There is an excellent unit mix consisting of ten (10) 2 BD+1.5 BA and two (2) 1 BD+1 BA units. These are spacious units averaging955 Sq. Ft. For the 2 BD's and 835 Sq. Ft. For the 1 BD's. Most of the units have walk-thru style kitchens. Two upstairs units have largebalconies and each floor has an interior walk-in storage room that was previously rented out. There has been some cooper pipingreplacement and a new building water heater tank was installed in 2013. Excellent assumable loan (optional - see financial information below). The property is located between Chandler and Burbank just south east of the Whitsett and Burbank intersection. It is centrally located just north of Sherman Oaks and Studio City with easy access to the 101 Freeway.
- Built 1963
- Units: 12
- Cooling type: wall or window units
- Disclosures: rent control
Listed by Greg Trotter, Coldwell BankerCRIS #SR13248920APN: #2347007016
School rankings provided by Niche.Updated 3/2/18.School information is to be used as reference only. To verify enrollment eligibility for a specific property, contact the school or the local school board.
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
Tools designed to give you and edge in any market
House hunt 24/7 with the fastest new listings and on-demand insider info.