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    317 Delaware Road

    Burbank, CA 91504
    • $5,445,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: SR21028241
    UPDATED: 37 min ago
    $5,445,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,007
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are proud to represent this 14-unit apartment building in an excellent rental pocket in Burbank. The property is across the street from Burbank High school and minutes away from the Ikea development project, the Burbank mall, and numerous shops and restaurants. The building was constructed in 1962 and well maintained by a long term owner. Its unit mix consists of (14) two-bedroom, two-bathroom units. With a lot size of 13,797 square feet, the property has a total of 15,007 rentable square feet. The property has numerous upgrades consisting of copper plumbing, a new water heater, dual pane windows and sliding doors, fresh paint, and new rain gutters. The majority of the units have been upgraded with hardwood floors and granite countertops. Tenants enjoy large balconies. Unit M is the only unit with washer and dryer hook up and tenants own the appliance. The city of Burbank does not require soft story retrofit but the tuck under parking in the rear of the building was upgraded with steel reinforcement in 2014. The property is located in 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. The property is seperately metered for gas and electricityPlease do not disturb or talk to the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114166918
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    317 Delaware Road Burbank, CA 91504

    • Price: $5,445,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: SR21028241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    15,007
    SQFT
    $363
    $/SQFT
    1962
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    We are proud to represent this 14-unit apartment building in an excellent rental pocket in Burbank. The property is across the street from Burbank High school and minutes away from the Ikea development project, the Burbank mall, and numerous shops and restaurants. The building was constructed in 1962 and well maintained by a long term owner. Its unit mix consists of (14) two-bedroom, two-bathroom units. With a lot size of 13,797 square feet, the property has a total of 15,007 rentable square feet. The property has numerous upgrades consisting of copper plumbing, a new water heater, dual pane windows and sliding doors, fresh paint, and new rain gutters. The majority of the units have been upgraded with hardwood floors and granite countertops. Tenants enjoy large balconies. Unit M is the only unit with washer and dryer hook up and tenants own the appliance. The city of Burbank does not require soft story retrofit but the tuck under parking in the rear of the building was upgraded with steel reinforcement in 2014. The property is located in 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. The property is seperately metered for gas and electricityPlease do not disturb or talk to the tenants.
    Exterior Features

    Lot Features Landscaped Number Of Separate Electric Meters 14 Parking Total 14 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Cap Rate 4.23 Common Interest Community Apartment Community Features SuburbanSidewalksUrbanValley Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 335940 Gross Scheduled Income 335940 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New Loan Net Operating Income 232316 New Construction YN No New Taxes Expense 60202 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 14 Operating Expense 96045 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3530 Water Sewer Expense 0 Water Source Public Zoning Bur4*

    Listing provided courtesy of Cindy Hill of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508