2415 North Lincoln Street
Description
Prime Location: Situated in the vibrant Burbank 91504 area, this property is conveniently close to major shopping centers and studios. Top-Rated School District: Burbank is renowned for its excellent schools, significantly enhancing property value. Exceptional Public Services: The area benefits from outstanding police and fire departments, ensuring a safe and secure environment. Front House has 3 bedrooms, 2 bathrooms, Parking: Includes a 1-car covered garage and 3 additional parking...Property Overview:
Prime Location: Situated in the vibrant Burbank 91504 area, this property is conveniently close to major shopping centers and studios. Top-Rated School District: Burbank is renowned for its excellent schools, significantly enhancing property value. Exceptional Public Services: The area benefits from outstanding police and fire departments, ensuring a safe and secure environment. Front House has 3 bedrooms, 2 bathrooms, Parking: Includes a 1-car covered garage and 3 additional parking spaces. Upgraded Condition: Recently remodeled for modern living. Climate Control: Equipped with central air and heating. Back Units 1: 2 bedrooms, 2.5 bathrooms, features a private patio, 2 designated parking spaces, recently remodeled for modern comfort. Climate Control: Equipped with central air and heating, back Unit 2 Second Floor 2 bedrooms, 2 bathrooms, Includes two balconies. Parking: 2 designated parking spaces. Upgraded Condition: Recently remodeled with modern amenities. Climate Control: Equipped with central air and heating. Conveniently located near schools, public transportation, shopping, and entertainment in Burbank. Easy access to the 5 Freeway, ideal for commuters. Investment Potential:
Lucrative Income Property: This 3-unit property is poised to generate steady rental income, especially in Burbank’s high-demand market. Recent Upgrades: All units have been Completely remodeled in 2019, making them highly attractive to tenants seeking modern living spaces. Modern Amenities: Central air and heating in all units add significant value to the property. This property offers strong potential for rental income and long-term appreciation due to its prime location and high-quality units. For potential investors, it’s advisable to analyze the current rental market in Burbank, project potential income, and consider future value appreciation.
- Listed by Al Barlas • DRE #01457726 • Brokerage DRE #01064901 • RE/MAX MASTERS REALTY • 949-231-7753
Property Details for 2415 North Lincoln Street
Property Details for 2415 North Lincoln Street
| Status | Active |
|---|---|
| MLS # | CV24184894 |
| Days on Market | 103 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1939 |
| Lot Size | 0.18 AC / 8,024 SF |
| County | Los Angeles County |
Building Information for 2415 North Lincoln Street
Property Information for 2415 North Lincoln Street
- Gross Income: $113,700
- Gross Scheduled Income: $113,700
- Net Operating Income: $110,400
- Current Financing: Conventional
- Operating Expense: $1,800
- Insurance Expense: $1,500
- Trash Expense: $0
- Total Expenses: $3,300
- Tax Tract Number: 6457
- CFD/Mello-Roos Fee: $0
- Tax Lot: 4
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Curbs, Gutters, Sidewalks, Street Lights
- Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater
- Equipment: Dishwasher, Laundry Area, Refrigerator
- Interior Features: Balcony, Granite Counters
- Room Type: Kitchen, Living Room, Walk-In Closet
- Bedroom Features: WalkInCloset
- Laundry: Yes
- Laundry Features: Common Area
- Fireplace Features: Living Room, Gas
- Fireplace Rooms: Gas, Living Room
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring: Carpet, Vinyl
- Door Features: Sliding Doors
- Window Features: Double Pane Windows
- Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
- Roof: Composition, Shingle
- Entry Location: Front & Back
- Fence: Yes
- Fence: Electric
- Fencing: Electric, Good Condition
- Foundation Details: Raised
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 2-5 Units/Acre
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Alley Paved, Paved
- Road Frontage Type: Alley, City Street
- Levels: One, Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Connected, Water Connected
- Electric: Electricity Connected, Natural Gas Connected, Water Connected
- Water Source: Public
- Garage Spaces: 1
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 1
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,925
- Unit Type Total Rent: $3,925
- Unit Type Pro Forma: 6000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,750
- Unit Type Total Rent: $2,750
- Unit Type Pro Forma: 3250
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,800
- Unit Type Total Rent: $2,800
- Unit Type Pro Forma: 3250
- Unit Type Type: 3
- Number Of Units Leased: 3
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 3
Property History for 2415 North Lincoln Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2415 North Lincoln Street
Schools near 2415 North Lincoln Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
George Washington Elementary School PublicK to 5 | ||
Luther Burbank Middle School Public6 to 8 | ||
Burbank High School Public9 to 12 | ||
Magnolia Park School Public6 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.
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Listing Courtesy of RE/MAX MASTERS REALTY, Al Barlas, DRE #01457726
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.