Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.

Carport Spaces 4 Carport YN Yes Direction Faces Southeast Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 7 Parking Features Assigned Parking Total 11 Pool Features CommunityFenced Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No

Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Floor FurnaceWall Furnace Heating YN Yes

Additional Parcels YN No Common Interest Community Apartment Community Features Street LightsSidewalksPool Disclosures Familial Relation Electric Expense 960 Fuel Expense 1056 Garage YN No Gross Income 98400 Gross Scheduled Income 97200 Insurance Expense 4107 Land Lease YN No Laundry Features Common AreaLaundry Room Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 0 Pool Expense 2400 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8100 Trash Expense 0 Water Sewer Expense 1104 Water Source Public Zoning Bur4*

Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. 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.

627 E Magnolia Boulevard

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627 E Magnolia Boulevard Burbank, CA 91501

Property Description

Carport Spaces	4
Carport YN	Yes
Direction Faces	Southeast
Lot Features	6-10 Units/Acre
Number Of Separate Electric Meters	8
Open Parking Spaces	7
Parking Features	Assigned
Parking Total	11
Pool Features	Community Fenced
Pool Private YN	No
Property Attached YN	Yes
Road Frontage Type	City Street
Road Surface Type	Paved
Spa Features	None
Spa YN	No

Common Walls	1 Common Wall
Cooling	Wall/Window Unit(S)
Cooling YN	Yes
Fireplace Features	None
Fireplace YN	No
Heating	Floor Furnace Wall Furnace
Heating YN	Yes

Additional Parcels YN	No
Common Interest	Community Apartment
Community Features	Street Lights Sidewalks Pool
Disclosures	Familial Relation
Electric Expense	960
Fuel Expense	1056
Garage YN	No
Gross Income	98400
Gross Scheduled Income	97200
Insurance Expense	4107
Land Lease YN	No
Laundry Features	Common Area Laundry Room
Levels	One Two
Listing Agreement	Exclusive Right To Sell
Listing Service	Full Service
Listing Terms	Cash Cash To New Loan
Net Operating Income	0
New Construction YN	No
Number Of Separate Gas Meters	8
Number Of Separate Water Meters	1
Number Of Units Leased	7
Operating Expense	0
Pool Expense	2400
Possession	Close Of Escrow
Property Condition	Repairs Cosmetic
Property Sub Type	Apartment
Rent Control YN	No
Senior Community YN	No
Sewer	Public Sewer
Special Listing Conditions	Standard
Tenant Pays	Electricity Gas Trash Collection
Total Actual Rent	8100
Trash Expense	0
Water Sewer Expense	1104
Water Source	Public
Zoning	Bur4*