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2583 N Lincoln Street

Burbank, CA 91504
  • $1,719,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: BB22070732
UPDATED: 44 min ago
$1,719,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Vartan Ghermezian of Prodigy Realty Group Inc. (818-238-9277)


Description

The is an ideal opportunity for an investor to acquire a stable investment four units property with great rental income in a market that is poised for continued growth. 100% occupied four-plex with long-term tenants. This great property situated in Burbank is centrally located and it offers 4 units, 1 units offers 2 bedrooms 1 bath, and 3 units offer 1 bedroom a 1 bath. Shared fenced backyard, Common laundry room has owned coin-op washer and dryer. Very quiet location near Glenoaks and Buena Vista in Burbank. One unit has been remodeled. (2) two car Garages are accessible via alleyway and feature automatic doors. (2) two-car garages with potential for possible conversion to ADU for more income (buyers to do due diligence).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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/127510052
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2583 N Lincoln Street Burbank, CA 91504

  • Price: $1,719,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 44 min ago
  • ID#: BB22070732
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1951
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
The is an ideal opportunity for an investor to acquire a stable investment four units property with great rental income in a market that is poised for continued growth. 100% occupied four-plex with long-term tenants. This great property situated in Burbank is centrally located and it offers 4 units, 1 units offers 2 bedrooms 1 bath, and 3 units offer 1 bedroom a 1 bath. Shared fenced backyard, Common laundry room has owned coin-op washer and dryer. Very quiet location near Glenoaks and Buena Vista in Burbank. One unit has been remodeled. (2) two car Garages are accessible via alleyway and feature automatic doors. (2) two-car garages with potential for possible conversion to ADU for more income (buyers to do due diligence).
Exterior Features

Lot Features Sprinklers In RearSprinklers In FrontSprinkler System Number Of Separate Electric Meters 4 Parking Features CoveredDirect AccessGarage Parking Total 4 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 Flooring Wood Heating CentralFloor FurnaceWall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Cap Rate 4.6 Common Interest None Community Features FoothillsStreet Lights Contingency Please Email Offer With Pof And Approval Letter To: Vghermezian@Gmail.Com. For Questions Please Call 818-489-3839 Garage YN Yes Gross Income 94800 Gross Scheduled Income 94800 Insurance Expense 1050 Land Lease YN No Laundry Features Common AreaWasher HookupIn Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing LoanCash To New Loan1031 Exchange Net Operating Income 92050 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 2750 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash CollectionTelephone Total Actual Rent 7850 Trash Expense 0 Utilities Electricity AvailableSewer AvailableSewer ConnectedWater Connected Water Sewer Expense 800 Water Source Public Zoning Bur3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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): Vartan Ghermezian of Prodigy Realty Group Inc. (818-238-9277)