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: Single Family
  • MLS#: SR16197595
  • MLS:
  • Listing Office: The 2-4 Unit Specialists
  • Listing Broker: Elizabeth Moran
  • Movoto last checked CRMLS for new data 13 hours ago
  • CRMLS last updated this listing 1 month ago
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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

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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
607 N Fairview St in ZIP code 91505 is a single family home that was last listed for $825,000. This is 9% above the current median of $759,777 for 91505 and 9% above the current median price of $759,777 for the city of Burbank, CA. As of today, , there are 37 properties listed for sale in the 91505 area and 162 properties listed for sale in Burbank. Of those 162 properties for sale, 123 are single family homes and 39 are condos. 607 N Fairview St is approximately 2,139 square feet, 31% above the Burbank median of 1,629 and 42% above the 91505 ZIP code median of 1,509. The price per Sqft was $386 which is 23% below the current median price in 91505 of $500 and 18% below the Burbank median of $468 per square foot.

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Get to Know Burbank

Built in 1944, this single 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 40 with a median list price of $759,777 and median cost per square foot of $468. Its current status is sold under the MLS #SR16197595.

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