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214 N Orchard Drive

Burbank, CA 91506
  • $3,699,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: GD22097497
UPDATED: 72 min ago
$3,699,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Vahe Parsekhian of Americana Real Estate Services (818-244-2777)


Description

Presenting The Villas at Orchard, an elegant Spanish style New Construction in Burbank consisting of a Five (5) unit multi family investment opportunity. Built in 2021 and located on a quiet tree lined street. A great unit mix consisting of 2 (3BD+2.5BA) and 3 large (1BD+1BA) units. No Expenses were spared in the construction of this trophy property. The Living and Dining rooms have rich wood floors, recessed lights, high ceilings and the open floor plan. The gourmet kitchens have custom cabinets, quartz counter tops and high-end stainless steel appliances. The bathrooms features Calacutta style quartz counter-top with detailed stonework and state of the art water fixtures. Each unit has a washer/dryer inside with central HVAC. In addition to its superb characteristics, the property is within close proximity to the Grocery Stores, Schools, Banks, Freeway access, and Studios. With ease of management and strong upside in rents, The Villas at Orchard offer an investor to take over an exceptional, low-maintenance asset.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128545338
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214 N Orchard Drive Burbank, CA 91506

  • Price: $3,699,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 72 min ago
  • ID#: GD22097497
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2022
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Presenting The Villas at Orchard, an elegant Spanish style New Construction in Burbank consisting of a Five (5) unit multi family investment opportunity. Built in 2021 and located on a quiet tree lined street. A great unit mix consisting of 2 (3BD+2.5BA) and 3 large (1BD+1BA) units. No Expenses were spared in the construction of this trophy property. The Living and Dining rooms have rich wood floors, recessed lights, high ceilings and the open floor plan. The gourmet kitchens have custom cabinets, quartz counter tops and high-end stainless steel appliances. The bathrooms features Calacutta style quartz counter-top with detailed stonework and state of the art water fixtures. Each unit has a washer/dryer inside with central HVAC. In addition to its superb characteristics, the property is within close proximity to the Grocery Stores, Schools, Banks, Freeway access, and Studios. With ease of management and strong upside in rents, The Villas at Orchard offer an investor to take over an exceptional, low-maintenance asset.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 5 Parking Features Assigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features ParkStreet LightsSidewalks Electric Expense 1000 Fuel Expense 0 Garage YN No Gross Income 193800 Gross Scheduled Income 193800 Insurance Expense 2000 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 2000 Net Operating Income 143987 New Construction YN Yes New Taxes Expense 41613 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 49813 Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Total Actual Rent 16150 Trash Expense 500 Water Sewer Expense 1500 Water Source Public Zoning Bur2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Vahe Parsekhian of Americana Real Estate Services (818-244-2777)