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1721 Scott Rd
For Sale $3,436,000 ($516.38 per Sq Ft)
$3,436,000 ($516.38 per Sq Ft)
- 10 Units
- 6,654 Sq Ft
- 12,041 Sq Ft
- Unknown Cap Rate
Description
This 10-unit apartment complex is located in Burbank, California. The front structure is a 2-bedroom/1-bath single family residence built in 1939. The rear structure is a 9-unit two-story walk up apartment building built in 1964. There are 11 parking spaces, 9 in the rear accessed by north driveway and 2 in the front of the SFR. The complex is located close to both Bob Hope Airport and Downtown Burbank placing it amongst a major employment cluster including dozens of aviation support companies, several major motion picture studios, banking and law firm occupied office buildings and multiple regional retail shopping districts. The close proximity to Interstate 5 provides quick access to Dodger Stadium, Griffith Park, Downtown Los Angeles and the Santa Clarity Valley. Via the 134/101 freeways there is a convenient connection to the eastern and western San Fernando Valley including the Ventura Boulevard corridor communities and the Glendale & Pasadena areas to the east. This is a supply constrained municipality where demand to reside there far exceeds the existing housing stock available. Occupancy rates in Burbank are excellent. Please do not walk on property or disturb tenants. For addition information please see attached OM in the document section of the MLS profile page. Please call listing agent for additional information.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,436,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,654 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2468005051 |
| MLS # | 24464081 |
| Property ID | 292437195 |
| Lot Sqft | 12,041 |
| Zoning | BUR4* |
| Total Units | 10 |
| Days on Market | 9 |
| Original List Price | $3,436,000 |
| Date Updated | November 26, 2024 |
| Date Created | November 18, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,800 | $2,800 |
| Unit #2 | 1 | 1.00 | $1,790 | $1,850 |
| Unit #3 | 1 | 1.00 | $1,787 | $1,850 |
| Unit #4 | 1 | 1.00 | $1,790 | $1,850 |
| Unit #5 | 1 | 1.00 | $1,791 | $1,850 |
| Unit #6 | 1 | 1.00 | $1,790 | $1,850 |
| Unit #7 | 1 | 1.00 | $1,750 | $1,850 |
| Unit #8 | 1 | 1.00 | $1,790 | $1,850 |
| Unit #9 | 1 | 1.00 | $1,787 | $1,850 |
| Gross Income (Yr) | $ 221,389 |
| Operating Expenses | $ 68,083 |
| Net Income (Yr) | $ 153,306 |
Listing Provided By
James Gilb an agent of . Lic #00998653
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