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707 E Palm Ave Apt A B C D Ave #A, B, C, D, Burbank, CA 91501

$1,982,000

•

8
bed
8
bath
5,283
Sqft ($375/Sqft)

Multi-family for sale 1 hour

About 707 E Palm Ave Apt A B C D Ave #A, B, C, D

Property type Multi-family

Neighborhood

Year built 1964

HOA fee $0/month

Lot size 7,650 Sqft

Movoto estimate

Parking 5 garage spaces

Property description

BURBANK'S OPPORTUNITY OF THE YEAR! FOUR RESIDENCES. ONE EXCEPTIONAL INVESTMENT. Discover a rare California gem featuring a distinctive, character-filled main residence (house) with exquisite woodwork, stonework, stained glass, and a private pool, plus three additional townhomes on one lot. The main residence is delivered vacant, while the three townhomes provide rental income, each with its own one-car garage and storage. The property also offers potential for future expansion or development, subject to zoning, permits, and approvals. Enjoy the best of Southern California living near the dining, shopping, boutiques, and entertainment of Downtown Burbank and Magnolia Park. Families will appreciate the great schools in the stellar Burbank Unified School District. LIVE IN YOUR OWN CALIFORNIA RETREAT WHILE YOUR INVESTMENT WORKS FOR YOU! Four residences, a gorgeous heated and filtered private pool, rental income, and exciting possibilities for future growth - all in one extraordinary property! CALL NOW TO SCHEDULE YOUR PRIVATE TOUR!

Listed by

Listing Agent - Zana Zefi

Listing Office - eXp Realty of Greater Los Angeles

Source: The MLS

MLS#26104648 • last updated 8 hours ago

Movoto checked The MLS for data 34 minutes ago

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Overview
Levels/Style	Two
MLS #	26104648
Type	Residential Income
Status	Active
SqFt	5283
Lot Size (SqFt)	7650
Year Built	1964

Interior
Bathroom Desc	Tile
Total # of Baths	8
Bedroom Desc	All Bedrooms Up, WalkInCloset
Total # of Bedrooms	8
Other Room(s)	Powder, Primary Bedroom, Walk-In Closet, Dining Area, Patio Open
Kitchen	Quartz Counters, Counter Top, Stone Counters
Laundry	Own
Flooring	Tile, Wood, Carpet
Fireplace Desc	Gas And Wood
Appliances	Convection Oven, Gas/Electric Range, Microwave, Oven
Interior Features	Detached/No Common Walls, Open Floor Plan, Storage Space

Exterior
Foundation	Raised
Exterior	Brick, Glass, Stone, Wood Siding
# Garage Spaces	5
# Parking Spaces	5
Parking Desc	Attached, Auto Driveway Gate, Garage - 4+ Car, Oversized, Driveway - Combination, Garage Is Attached, Private Garage
# Covered Parking Spaces	5
Patio	Porch
Lot Desc	Fenced, Back Yard, Lawn, Alley Paved, Street Lighting, Street Paved, Lot-Level/Flat, Fenced Yard, Front Yard, Gutters, Yard, Sidewalks
Add'l Structures	None

Amenities / Utilities
Sprinklers	Sprinkler System
Equipment	Range/Oven, Refrigerator, Antenna, Freezer, Washer, Dishwasher, Dryer, Ceiling Fan, Water Line To Refrigerator, Water Filter, Microwave, Cable
Pool	Fenced, Safety Fence

Location
County	Los Angeles
Zoning	BUR3*
APN	2455-032-022

Multifamily Details
Unit 1: Furnished	No
Unit 1: Projected Rent	4000
Unit 1: # Beds	2
Unit 2: Rent	5500
Unit 2: Furnished	No
Unit 2: Projected Rent	9000
Unit 2: # Beds	6
Unit 2: # Baths	6
Unit 1: # Baths	2
Unit 2: Actual Rent	5500
Unit Type	2106, 2107
Total # Of Buildings	4
Net Operating Income	65196
Vacancy Rate	1
Gross Income	114000
Gross Operating Income	108300
Gross Rent Multiplier	5.75
Total Annual Expenses	43104