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260 W Linden Ave

Burbank, CA 91502
  • $1,795,000
  • STATUS: Active Under Contract
  • ON SITE: 110 Days
  • ID#: 21-791568
Under Contract
UPDATED: 67 min ago
$1,795,000
  • 9
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,928
    SQFT
  • $457
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:
Area:

School Ratings & Info

Description

The property is walking distance to several retailers, including the new IKEA center, Trader Joes, Walgreens, and more along Victory Boulevard. Also found within a short drive are Burbank High School, Griffith Park, the Los Angeles Zoo, Costco, the Burbank Town Center, and Burbank Empire Shopping Center. With the large four-bedroom house possibly delivered vacant, a new owner may choose to live in that residence while using the income generated by the additional units to help offset mortgage payments. Half of the units have been completely remodeled, featuring new wood flooring, recessed lighting, new cabinets and countertops, stainless steel appliances, and upgraded bathrooms. On-site laundry facilities provide an additional revenue stream for the owner. The property offers nearly 4,000 square feet of living space spanning over 8,200 square feet of land. The lot contains a four-bedroom single family home, and three additional income- producing units at the rear of the parcel. Tenants enjoy living on a tranquil residential street, the buildings spacious floorplans, and their access to ample on-site parking. Since 260 W Linden Avenue qualifies for residential financing, either a savvy investor or an owner-occupier would have the opportunity to reap the benefits of todays historically low financing interest rates.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T09:42:26.82. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.sellbuyla.com/homes/122084279
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260 W Linden Ave Burbank, CA 91502

  • Price: $1,795,000
  • Status: Active Under Contract
  • On Site: 110 Days
  • Updated: 67 min ago
  • ID#: 21-791568
9
Beds
0
Baths
0
½ Baths
0.19
Acres
3,928
SQFT
$457
$/SQFT
1949
Built
Neighborhood:
Burbank
County:
Los Angeles
Area:
Burbank
Property Description
The property is walking distance to several retailers, including the new IKEA center, Trader Joes, Walgreens, and more along Victory Boulevard. Also found within a short drive are Burbank High School, Griffith Park, the Los Angeles Zoo, Costco, the Burbank Town Center, and Burbank Empire Shopping Center. With the large four-bedroom house possibly delivered vacant, a new owner may choose to live in that residence while using the income generated by the additional units to help offset mortgage payments. Half of the units have been completely remodeled, featuring new wood flooring, recessed lighting, new cabinets and countertops, stainless steel appliances, and upgraded bathrooms. On-site laundry facilities provide an additional revenue stream for the owner. The property offers nearly 4,000 square feet of living space spanning over 8,200 square feet of land. The lot contains a four-bedroom single family home, and three additional income- producing units at the rear of the parcel. Tenants enjoy living on a tranquil residential street, the buildings spacious floorplans, and their access to ample on-site parking. Since 260 W Linden Avenue qualifies for residential financing, either a savvy investor or an owner-occupier would have the opportunity to reap the benefits of todays historically low financing interest rates.
Exterior Features

Lot Size Area 8240 Other Structures None Parking Garage Assigned Total Parking 8

Interior Features

Baths Total 8.00 Cooling Central Equipment Other Heating Other

Property Features

Assessed Total Value 918797 Gross Income 109500 Gross Operating Income 107883 Like Units1 1 Like Units2 2 Like Units3 1 Net Operating Income 80310.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 27573 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Bur3*

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T09:42:26.82. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Keller Williams Realty
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