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332 Cornell Drive

Burbank, CA 91504
  • $3,500,000
  • STATUS: Active Under Contract
  • ON SITE: 25 Days
  • ID#: BB21225026
Under Contract
UPDATED: 38 min ago
$3,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent: Ugo Iacobellis of Twin Realty


Description

10 unit building close to downtown Burbank. These fully-occupied units are all 1+1 and come with one assigned parking space. This building is close to restaurants, shopping and freeways. Great investment opportunity!!! PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123169052
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332 Cornell Drive Burbank, CA 91504

  • Price: $3,500,000
  • Status: Active Under Contract
  • On Site: 25 Days
  • Updated: 38 min ago
  • ID#: BB21225026
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1962
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
10 unit building close to downtown Burbank. These fully-occupied units are all 1+1 and come with one assigned parking space. This building is close to restaurants, shopping and freeways. Great investment opportunity!!! PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY.
Exterior Features

Carport Spaces 10 Carport YN Yes Construction Materials Copper Plumbing Number Of Separate Electric Meters 10 Parking Features Attached CarportAssignedCovered Parking Total 20 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Spa Features None Spa YN No View Mountain(S) View YN Yes

Interior Features

Appliances DishwasherDisposalGas RangeDryerWasher Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features BalconyGranite Counters

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 3.4 Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 1000 Fuel Expense 2300 Garage YN Yes Gross Income 174108 Gross Scheduled Income 174108 Insurance Expense 3772 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupLaundry RoomOutside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 145138 New Construction YN No New Taxes Expense 43750 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 28970 Other Expense 4000 Pool Expense 0 Possession See Remarks Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSewer Total Actual Rent 14500 Trash Expense 1140 Utilities Sewer ConnectedWater Connected Water Sewer Expense 2240 Water Source Public Zoning Bur4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Ugo Iacobellis of Twin Realty