317 Delaware Rd., Burbank, CA 91504 - SR20215623 - iPro Real Estate
iPro Real Estate

iPro Real Estate

317 Delaware Rd.
Burbank, CA 91504

Active, Multi-Family/Income Sale

For Sale

$5,595,000 $377.79 per sqft

Free Professional CMA

Listing ID : CRSR20215623

  • Garage

    14
  • Lot Size

    14,810 Sqft
  • Year

    1962

Description

This property is a legal fourteen (14) unit apartment building located in the city of Burbank, California. All units are spacious 2-bedroom and 2-bathroom units. Each unit has one (1) parking space. This highly sought-after investment is located in a city that is self-incorporated and is not a part of the City of Los Angeles. This property contains many exterior and interior upgrades including hardwood floors, granite countertops, dual-paned windows, dual-paned sliding glass doors, new rain gutters, copper piping, new exterior paint and a new water heater. Most importantly, the tuck under parking at the rear of the building was upgraded with steel reinforcement in 2014-15. This is a well-managed property that has been given excellent care. It is close to the beautiful downtown area of Burbank and a few blocks from the proposed mega development project over the former IKEA site and the adjacent mall. There are many boutiques, restaurants, stores, theaters and the famous IKEA store. It is within walking distance to Burbank High School. This property is a well-priced investment with reasonable rents which can be raised when units become vacant and it will augment the portfolio of any investor who desires a safe and easy to rent low maintenance property. F

Details

Type: Multi-Family/Income Sale 
Subdivision: 610 - Burbank 
County: Los Angeles 
Tax ID: 2460004023
Cap Rate: 4.11% 
Gross Rent Multiplier: 16.90 
Days on Market: 381 
Laundry: Laundry Area, Washer/Dryer - Leased 
Number of Buildings: 1 
Number of Units: 14 
Parking Spaces: 14 
Property Type: Commercial Sale 
Water: District - Public 

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Interactive

34.189861 -118.316917 $5,595,000 SR20215623
317 Delaware Rd., Burbank, CA 91504
Directions to here from:

Area Information 91504

Population:

23,718 Up .01% since 2010
Average Income:
$100,604
Average Age:
39Years
Gender:
48%Male
52%Female
Households:
8,69332.7% with children
Average Value:
$1,075,825
Occupancy:
54.88%Owned
45.12%Rented
5.96%Vacant
Education:
19.17%High School
6.87%Associate
25.22%Bachelor
12.96%Graduate
Average Residency:
23Years
Crime Rate:
Below Average
Annual Rainfall:
18.61Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Jun 19, 2021
Transaction
Expired - Commercial Multi-Residential (5+ units)CNSR21028241
Price
$5,445,000
Mortgage Amt & Lender
- -
Date
Mar 08, 2021
Transaction
Expired - Commercial Multi-Residential (5+ units)CNSR20215623
Price
$5,595,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Bekim Hasani with BH Realty

Based on information from the MLSListings MLS) as of 9/24/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 9/24/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes