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Charla Gonzales Real Estate
624 N Niagara, Burbank, CA 91505
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- BB26224882
- Year Built
- 1943
- Lot Size
- 6,108
- Acres
- 0.14
- Lot Location
- Lawn
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
Duplex with upside in Burbank’s sought-after Magnolia Park neighborhood, just blocks from the shops, restaurants, and cafes of Magnolia Boulevard. Set on a 6,120 sq ft lot, each unit offers 2 bedrooms and 1 bathroom, both with hardwood floors and each with its own central HVAC. A 2-car garage provides storage for both units, a common-area laundry room with washer and dryer is on site, and a long driveway fits 3 to 4 cars, which is a real plus. Both units are occupied by good tenants who take care of the property, so you start with stable income from day one. Future improvements would be a straightforward way to maximize rent potential as units turn over. A strong fit for an investor looking for solid cash flow with room to grow in one of Burbank’s most in-demand rental pockets, or an owner-occupant who wants the neighbor to help pay the mortgage. Close to the studios, Downtown Burbank, Burbank Airport, and the 5 and 134 freeways. Tenant-occupied; please do not disturb tenants. Showings by appointment with proper notice.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $56,400
- Operating Expense
- 10000
Listing courtesy of Listing Agent: Boris Gutierrez (Boris@losangelesproperties.org) from Listing Office: Boris Gutierrez, Real Estate Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.