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3807 W Victory Boulevard

Burbank, CA 91505
  • $1,899,000
  • STATUS: Active Under Contract
  • ON SITE: 79 Days
  • ID#: BB24061437
Under Contract
UPDATED: 80 min ago
$1,899,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Becky Richards of Beverly and Company, Inc. (818-382-4160)


Description

Welcome to 3807 W Victory Blvd. This lovely, immaculately maintained fourplex is located in the heart of Burbank. With only several owners since its construction in 1940, the property holds historical value, reflecting its resilience and attractiveness as a long-term investment. This property presents an amazing opportunity to own a piece of rental property in the sought-after media capital of Los Angeles. Ideally located, a sought-after area known as the media capital of Los Angeles, the property offers proximity to major studios such as Disney, Warner Bros, and Universal Studios. It's also close to amenities like parks, schools, transportation hubs, St. Joseph Hospital, Hollywood/Burbank Airport, and Downtown Burbank.The property boasts long-term tenants, ensuring a steady rental income stream. The mix of units, including a 4-bedroom, 2-bath home in the front and a gated triplex at the rear, caters to a diverse tenant demographic, enhancing income stability. Property Features: The 4-bedroom, 2-bath front home exudes curb appeal and retains its original charm with tile flooring. The triplex at the rear, constructed in the late 1980s, offers a variety of unit sizes (2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath) to attract different tenants. All units are equipped with central heating and air conditioning, newer water heaters, double-paned windows, and an automatic sprinkler system. Parking and Amenities: The property provides ample parking space with 7 spots, 6 of which are covered. Additional storage areas and a separate coin-operated washer and dryer area contribute to the convenience and attractiveness of the property along with additional income.Prospective buyers are urged to respect the privacy of the existing tenants and refrain from disturbing them during viewings or inquiries.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/149004353
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3807 W Victory Boulevard Burbank, CA 91505

  • Price: $1,899,000
  • Status: Active Under Contract
  • On Site: 79 Days
  • Updated: 80 min ago
  • ID#: BB24061437
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1940
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Welcome to 3807 W Victory Blvd. This lovely, immaculately maintained fourplex is located in the heart of Burbank. With only several owners since its construction in 1940, the property holds historical value, reflecting its resilience and attractiveness as a long-term investment. This property presents an amazing opportunity to own a piece of rental property in the sought-after media capital of Los Angeles. Ideally located, a sought-after area known as the media capital of Los Angeles, the property offers proximity to major studios such as Disney, Warner Bros, and Universal Studios. It's also close to amenities like parks, schools, transportation hubs, St. Joseph Hospital, Hollywood/Burbank Airport, and Downtown Burbank.The property boasts long-term tenants, ensuring a steady rental income stream. The mix of units, including a 4-bedroom, 2-bath home in the front and a gated triplex at the rear, caters to a diverse tenant demographic, enhancing income stability. Property Features: The 4-bedroom, 2-bath front home exudes curb appeal and retains its original charm with tile flooring. The triplex at the rear, constructed in the late 1980s, offers a variety of unit sizes (2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath) to attract different tenants. All units are equipped with central heating and air conditioning, newer water heaters, double-paned windows, and an automatic sprinkler system. Parking and Amenities: The property provides ample parking space with 7 spots, 6 of which are covered. Additional storage areas and a separate coin-operated washer and dryer area contribute to the convenience and attractiveness of the property along with additional income.Prospective buyers are urged to respect the privacy of the existing tenants and refrain from disturbing them during viewings or inquiries.
Exterior Features

Carport Spaces 7 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Front YardSprinklers In Front Number Of Separate Electric Meters 4 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features SidewalksUrban Contingency Please Do Not Disturb Tenant-occupied. Inspection is available upon accepted offer. Electric Expense 240 Exclusions 4 Stoves and 4 Fridges Fuel Expense 0 Garage YN No Gross Income 3600 Gross Scheduled Income 117708 Inclusions 1 Washer and Dryer Set Insurance Expense 2520 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 99372 New Construction YN No New Taxes Expense 16536 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20736 Other Expense 120 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays Cable TVElectricityGas Total Actual Rent 9809 Trash Expense 0 Water Sewer Expense 1440 Water Source Public Zoning BUR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Becky Richards of Beverly and Company, Inc. (818-382-4160)