1205 W Burbank Boulevard, Burbank, CA 91506
Duplex
Sold September 2023
Listing Agent: Leilani Tedeski (DRE #01405073) · Listing Office: Keller Williams Realty-Studio City · Contact: 818-432-1500 · Bought with: Erika De Leon · The Core Agency · MLS #SR23147279 · Source: CRMLS
About this duplex
MAJOR FIXER!! SELLER WILL FINANCE!! Rare opportunity for investor, contractor or owner/user with DIY skills and determination. Property zoned BUR4*!! Duplex consists of two 1 bedroom, 1 bath units. Tenants are on month-to-month leases (one tenant is Section 8). Best priced duplex in Burbank. This property will go quickly so RUN, don’t walk! Additional income potential by converting detached, alley accessible 2-car garage into 1 or 2 additional units as ADUs (verify with Burbank City Building Department). Plumbing connection located at garage. Tremendous upside in rents plus grow current income by adding ADUs. Construct a small laundry room on the property to generate additional income as well as convenience for tenants. Very conservative pro forma cap rate of 5.14% / GRM of only 14.09! Highly desirable northwest Burbank neighborhood near 5 Points Monument. Abundant and convenient public transportation offerings within short walking distance. Walk Score is 76! Costco, quick service and numerous local restaurants, multiple national retailers all located within walking distance. Minutes to I-5 freeway. Convenient public bus transportation located at the corner and across the street. One mile walk to Burbank Metrolink Station. A short hop, skip, jump to 5 Points Monument. Chandler bike path is only a few blocks away as well.
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history