607 N Fairview St
Burbank, CA 91505

Bd   — Ba   2,139 Sqft
607 N Fairview is a non rent-controlled duplex in the “Magnolia Park” neighborhood of Burbank. The building has undergone ample structural updates, including copper plumbing, upgraded electrical and new sewer line. The interiors have not yet received updates, making this property a perfect “cosmetic fixer”. The majority of the hard work has been done for you– now it is ready for the fun part: interior renovations. The property is currently operating at an impressive 5.08% cap rate and 14.88 GRM. The cash flow is tremendous. If you were to improve the interiors and re-rent each unit, the pro forma cap rate would jump to a whopping 6.42%! Whether you are an owner occupier, investor or flipper, this is a rare opportunity to buy in one of the best neighborhoods of Burbank and make a huge profit. This duplex is located on a tree lined street walking distance to all of the best that Burbank has to offer: the shops and restaurants on Magnolia (most notably, Porto’s Bakery), the studios & countless entertainment industry jobs, several parks, Buena Vista Library and exceptional Burbank schools.
  • Neighborhood: Magnolia Park
  • Days on Movoto: 43
  • Year Built: 1944
  • HOA:
  • $/Sqft: $386
  • Lot: 5,883 Sqft
  • Property Type: Multi Family
  • MLS#: SR16197595
  • MLS:
  • Listing Office: The 2-4 Unit Specialists
  • Listed By: Elizabeth Moran
  • Movoto last checked CRMLS for new data 5 hours ago
  • CRMLS last updated this listing 4 months ago
Go Tour Nearby Homes of 607 N Fairview St, Burbank

Property History for 607 N Fairview St, Burbank

Status
Date
Price
Sold
Oct 21, 2016
$825,000
Pending
Sep 16, 2016
Listed
Sep 8, 2016
$750,000
#SR16197595

Public Record for 607 N Fairview Street, Burbank

Basic Info
Beds : 4
Baths : 2
Building Area : 2,139 Sqft
Duplex (2 units, any combination)
Partial Baths :
Rooms :
Lot Size : 5,883 Sqft
Year Built : 1944
Last Sale Price : $53,000
Last Sale Date : 03/28/2007
House Features

Compare Similar Homes for 607 N Fairview St, Burbank

A
849 S Broadway #206
  • $799,000
  • For Sale

    02/16/2017

  • 1 Bd
  • 1 Ba
  • 1,120 Sqft
  • $713/Sqft
  • Built 1930
YOU
ARE
HERE
607 N Fairview St
  • $825,000
  • Sold

    09/08/2016

  • — Bd
  • — Ba
  • 2,139 Sqft
  • $386/Sqft
  • 5,883 Sqft Lot
  • Built 1944
607 N Fairview St is a multi family home located in 91505 in Burbank, CA. It was last listed for $825,000, which is 20% above the current market median of $689,986 in 91505 and 18% above the market median of $699,000 in Burbank. 607 N Fairview St is approximately 2,139 Sqft, which is 42% above the median size in Burbank of 1,510 Sqft and 54% above the median size in 91505 of 1,386 square feet. This property's price per square foot was $386, which is 22% below the current median in 91505 of $495 and 20% below the Burbank median of $482. As of today, , there are 17 properties listed for sale in ZIP code 91505 and 74 properties listed for sale in the city of Burbank. Of those 74 properties, there are 51 single family houses and 23 condos.
Built in 1944, this multi family house at 607 N Fairview St, Burbank CA, 91505 is approximately 2,139 square feet and comes with 2 parking spots. It was last listed for $750,000 with a cost per Sqft of $386. 607 N Fairview St is located in the Magnolia Park neighborhood in the Burbank Unified School District. The closest school is Theodore Roosevelt Elementary School.

607 N Fairview St, Burbank CA, 91505 was on the market for 43 days. The median days on the market for properties in this area is 32 with a median list price of $699,000 and median cost per square foot of $482. Its current status is sold under the MLS #SR16197595.

View active properties and off-market properties in this area. Or connect with a top-rated Movoto agent to learn about Burbank market trends and find homes like this one.
Movoto
Burbank Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.