Price Reduction
Address
509 E Valencia Avenue Burbank, CA
Price
$ 3,199,983
Property Attributes
- MLS#SR20206676
- TypeIncome
- CountyLOS ANGELES
- CityBurbank
- AreaBurbank
- Zip91501
- Style
- Price$ 3,199,983
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8202
- Lot Size7,845 SqFt
Listing Provided Courtesy Of:
Guy Arnone with Realty One Group Success
Property Description
We are marketing this 7 unit multi-residential investment opportunity located in the highly desirable City of Burbank. The subject property was built in 1962 and located in the City of Burbank, a submarket of Los Angeles, in the San Fernando Valley, adjacent to the City of Glendale. The units are separately metered for gas and electricity and has on-site laundry services that are a revenue generator. Burbank is not subject to rent control and has on-site parking. The average size for a Burbank, Los Angeles County, CA apartment is 799 square feet, with an average rental rate of $2341 per month, an 8% YOY increase! The property boasts a mix of five 3 bedroom, 2 bathroom units and two 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Burbank’s world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 7485 square foot lot with a total rentable square footage of 8202. Tenants are able to walk, bike & hike to local numerous eateries, café’s & parks. Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.
| Price History | |
|---|---|
| 10/3/2020 | Listed $3,199,999 |
| 10/16/2020 | 1% - $3,199,998 |
| 10/17/2020 | 1% - $3,199,997 |
| 10/23/2020 | 1% - $3,199,996 |
| 10/24/2020 | 1% - $3,199,995 |
| 10/26/2020 | 1% - $3,199,994 |
| 10/30/2020 | 1% - $3,199,993 |
| 10/31/2020 | 1% - $3,199,992 |
| 11/1/2020 | 1% - $3,199,991 |
| 11/6/2020 | 1% - $3,199,990 |
| 11/7/2020 | 1% - $3,199,989 |
| 11/23/2020 | 1% - $3,199,988 |
| 11/24/2020 | 1% - $3,199,987 |
| 11/25/2020 | 1% - $3,199,986 |
| 1/11/2021 | 1% - $3,199,985 |
| 1/15/2021 | 1% - $3,199,984 |
| 1/16/2021 | 1% - $3,199,983 |
General Features
| Appliances | Gas Range |
|---|---|
| Assessments | None |
| Attached Structure | Attached |
| Carport Spaces | 7.00 |
| Community Features | Sidewalks, Street Lights |
| Construction Materials | Drywall Walls, Stucco |
| Cooling | Wall/Window Unit(s) |
| Directions | Glenoaks to Valencia |
| Flooring | Carpet, Vinyl |
| Garage Spaces | 0.00 |
| HOA Fee | 0.00 |
| Heating | Wall Furnace |
| Levels | Two |
| Listagentaor | Southland |
| Listing Agent | Guy Arnone - BRE#00994214 |
| Listing Agent State License | 00994214 |
| MLS Area | 610 - Burbank |
| Number of Units Leased | 7 |
| Parking Features | Carport, Community Structure, Driveway, Paved |
| Pool Features | None |
| Price Per Square Foot | 390.15 |
| Property Attached Y/N | Yes |
| Roof | Composition, Tar/Gravel |
| Sewer | Public Sewer |
| Source System | CRMLS |
| Spa Features | None |
| Special Listing Conditions | Standard, Trust |
| Total Units | 7 |
| Utilities | Electricity Connected, Phone Connected, Sewer Connected, Water Connected |
| View | None |
| Zoning | BUR4* |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Air Conditioning Y/N | Yes |
| Appliances Y/N | Yes |
| Common Walls | 1 Common Wall, End Unit |
| Fireplace Features | None |
| Garbage Disposal Count | 7 |
| Heating Y/N | Yes |
| Laundry Features | Common Area, Community, Dryer Included, Washer Included |
| Laundry Y/N | Yes |
| Number of Wall ACs | 7 |
| Numberwithcarpet | 7 |
| Range Count | 7 |
| Refrigerator Count | 7 |
| Studio Area Unit Type | Square Feet |
| Total Stories | 2 |
| Windows with Drapes | 7 |
Exterior Features
| Building Area Total | 8202.00 |
|---|---|
| Fence Y/N | Yes |
| Fencing | Block |
| Lot Features | Lot 6500-9999, Near Public Transit |
| Lot Size Acres | 0.1801 |
| Lot Size Area | 7845.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 7845.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 7 |
| Number of Separate Gas Meters | 7 |
| Parking Y/N | Yes |
| Patio Count | 7 |
| Total Parking | 7.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 91501
Price
Visits
Year Built
Walkscore
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Based on information from CRISNet MLS as of January 16, 2021 9:45 PM UTC
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