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.
  • 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 6 minutes ago
  • CRMLS last updated this listing 8 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

Compare Similar Homes for 607 N Fairview Street, Burbank

Price estimate is $1,341,153 based on the following nearby homes which average $627/Sqft
You can refine the estimate by removing homes that are not similar
This estimate is based on the average price per square foot value of the homes in the displayed below. Movoto intended this estimate as a useful starting point to help you price this home. This is not a professional appraisal, to get one contact one of Movoto’s licensed Real Estate Agents for a comprehensive evaluation.
A 4.95 mi
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B 7.62 mi
248 S Doheny Dr UNIT 4
  • $699,000
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C 9.09 mi
1920 Pandora Ave #9
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D 9.54 mi
1100 S Hope St #1009
  • $715,000
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    47 days

  • 1 Bd
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  • $633 /Sqft
  • 41,205 Sqft Lot
  • Built 2007
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
Talk to Movoto About Selling
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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

List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$825K

607 N Fairview Street

$1.09M

Magnolia Park

0% y/y

Magnolia Park

$757K

91505

8% y/y

91505

$789K

Burbank

7% y/y

Burbank

See all trends for Burbank
607 N Fairview St in 91505 was last listed for $825,000. As of today, , this is 5% above the current median price of $789,000 for the city of Burbank, CA and 9% above the median of $757,000 for ZIP code 91505. Right now, there are 33 properties for sale in 91505 and 137 properties listed for sale in Burbank. Those 137 properties are made up of 104 single family homes and 33 condos. The square footage of 607 N Fairview St is approximately 2,139, which is 30% above the median size of 1,645 Sqft in Burbank and 31% above the median size of 1,633 Sqft in ZIP code 91505. This property's price per square foot was $386, which is 24% below the current $510 median in 91505 and 22% below the $497 Burbank median.
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 29 with a median list price of $789,000 and median cost per square foot of $497. Its current status is sold under the MLS #SR16197595.

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