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 4 hours ago
  • CRMLS last updated this listing 5 months ago
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Property History

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

Public Record

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

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YOU
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607 N Fairview St
  • $825,000
  • Sold

    43 days

  • — Bd
  • — Ba
  • 2,139 Sqft
  • $386/Sqft
  • 5,883 Sqft Lot
  • Built 1944
As of today, there are 27 properties listed for sale in ZIP code 91505 and 100 properties listed for sale in the city of Burbank, CA. This property at 607 N Fairview St in 91505 was last listed for $825,000. This is 6% above the current $779,977 median price for Burbank and 11% above the median of $739,999 for 91505. Of the 100 properties for sale in Burbank, 71 are single family homes and 29 are condos. 607 N Fairview St is a multi family home that is approximately 2,139 square feet, 34% above the Burbank median of 1,602 and 35% above the 91505 ZIP code median of 1,589. The price per Sqft was $386 which is 19% below the current median price in 91505 of $475 and 17% below the Burbank median of $467 per Sqft.
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 18 with a median list price of $779,977 and median cost per square foot of $467. Its current status is sold under the MLS #SR16197595.

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