607 N Fairview St
Burbank, CA 91505

Bd   — Ba   2,139 Sqft    43 Days
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.
  • $0 HOA
  • $386/Sqft
  • MLS#SR16197595 provided by Elizabeth Moran of The 2-4 Unit Specialists
  • Movoto last checked CRMLS for new data 23 minutes ago
  • CRMLS last updated this listing 10 months ago

Home Features for 607 N Fairview Street , Burbank

Year Built: 1944
Lot Size Acres: 0.13
Lot Size Square Feet: 5883
Lot Size Units: Square Feet
Lot Size Area: 5883
Price Per Square Foot: 385.69
Tax Lot: 31
Tax Tract Number: 13174
New Taxes Expense: 8132
Parcel Number: 2480024019
Tax Area: 2530
Tax Rate: 1.08
Tax Annual Amount: 11792
Special Listing Conditions: Standard
Standard Status: Closed
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Compare Similar Homes for 607 N Fairview Street, Burbank

Price estimate is $1,257,732 based on the following nearby homes for sale which average $588/Sqft
Movoto's Price/Sqft estimate is not a professional appraisal, it is a starting point to help you price this home. Contact a Movoto Real Estate agent today to get a comprehensive evaluation
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YOU
ARE
HERE
607 N Fairview St
  • $825,000
  • Sold

    43 days

  • — Bd
  • — Ba
  • 2,139 Sqft
  • $386 /Sqft
  • 5,883 Sqft Lot
  • Built 1944

Property History for 607 N Fairview Street, 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

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

Real Estate Market Statistics for 607 N Fairview Street, Burbank

YOU ARE HERE

607 N Fairview Street

No data!
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$750K

607 N Fairview Street

$914K

Magnolia Park

8% y/y

Magnolia Park

$684K

91505

-9% y/y

91505

$829K

Burbank

3% y/y

Burbank

See all trends for Burbank
As of , there are 32 properties listed for sale in ZIP code 91505 and 115 properties listed for sale in the city of Burbank, CA. Those 115 properties include 88 single family homes and 27 condos. This property at 607 N Fairview St in 91505 was last listed for $825,000. This is 0.5% below the current median price of $829,000 for Burbank and 21% above the median of $684,000 for 91505. 607 N Fairview St is approximately 2,139 square feet, which is 32% above the Burbank median of 1,616 and 44% above the 91505 ZIP code median of 1,481. This property's price per Sqft was $386, which is 28% below the current median price in 91505 of $537 and 25% below the Burbank median of $514 per square foot.
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 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 26 with a median list price of $829,000 and median cost per square foot of $514. Its current status is sold under the MLS #SR16197595.

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