1201 West Verdugo Avenue

Burbank, CA 91506

$1,950,000
Price
2
Beds
5
Baths
4,337 Sq. Ft.
$450 / Sq. Ft.
4,337
Sq. Ft.
$450
per Sq. Ft.

Description

5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings,...5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.
  1. Listed by Richard Valdez • DRE #01211013 • Brokerage DRE #02046996 • Valdez Realty • 818-522-2863

Property Details for 1201 West Verdugo Avenue

View
None
Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4337
LISTING UPDATED: 10/10/2024 07:01 AM

Property Details for 1201 West Verdugo Avenue

StatusActive
MLS #SR24052054
Days on Market282
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
CountyLos Angeles County

Building Information for 1201 West Verdugo Avenue

Building/Complex1201 W Verdugo AveFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-

Property Information for 1201 West Verdugo Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $104,856
  • Net Operating Income: $97,739
  • Laundry Income: $300
  • Gross Multiplier: 18.65
  • Cap Rate: 3.92
Expense Details
  • Operating Expense: $7,117
  • New Taxes Expense: $22,420
  • Fuel Expense: $244
  • Licenses Expense: $63
  • Electric Expense: $420
  • Insurance Expense: $1,923
  • Professional Management Expense: $0
  • Other Expense: $3,150
  • Other Expense Description: Gardener
  • Trash Expense: $0
  • Water Sewer Expense: $1,380
  • Total Expenses: $7,117
Tax / Assessment Info
  • Tax Tract Number: 6827
  • Tax Census Tract: 3108.00
  • CFD/Mello-Roos Fee: $859
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: Laundry Area
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl, Wood
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1st & 2nd Floor
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $8,713
  • Unit Type Total Rent: $8,713
  • Unit Type Pro Forma: 14100
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0
  • Number With Disposal: 5

Property History for 1201 West Verdugo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1201 West Verdugo Avenue

Taxable ValueLand$702,880Additions$284,078Total$986,958
Tax Record2020$11,651 ($971 / month)
Home Facts
Total Finished SqFt4,337 SqFtAbove Grade Finished SqFt4,337 SqFtLot Size8,286 SqFtStyleMulti-Family Res (5+ Units)Year Built1953Year Renovated1953ZoningBUR3*CountyLOS ANGELESAPN2446030007

Schools near 1201 West Verdugo Avenue

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Walt Disney Elementary School
PublicK to 5

Dolores Huerta Middle
Public6 to 8

John Burroughs High School
Public9 to 12

Burbank Usd Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1201 West Verdugo Avenue is a multi-family home for sale in Burbank, CA 91506. This property was listed for sale on March 14, 2024 by Valdez Realty, it's currently listed at $1,950,000. It has been on the market for a total of 282 days and was last sold on July 15, 2010. This listing's school district is Burbank Unified School District. Nearby schools include Walt Disney Elementary School, Dolores Huerta Middle and John Burroughs High School. 1201 West Verdugo Avenue is a 2-bed, 5-bath, 4,337 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Valdez Realty, Richard Valdez, DRE #01211013

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.