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 34 minutes ago
  • CRMLS last updated this listing 3 months 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

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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 in 91505 was last listed for $825,000. As of today, , this is 13% above the current median price of $729,000 for the city of Burbank, CA and 15% above the median of $719,000 for ZIP code 91505. Right now, there are 19 properties for sale in 91505 and 89 properties listed for sale in Burbank. Those 89 properties are made up of 65 single family homes and 24 condos. The square footage of 607 N Fairview St is approximately 2,139, which is 34% above the median size of 1,602 Sqft in Burbank and 71% above the median size of 1,254 square feet in ZIP code 91505. This property's price per square foot was $386, which is 30% below the current $550 median in 91505 and 21% below the $487 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 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 54 with a median list price of $729,000 and median cost per square foot of $487. Its current status is sold under the MLS #SR16197595.

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