730 Magnolia Boulevard

Burbank, CA 91501

$1,722,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $479 / sqft

1959

calendar_month Built

Property Description

First time on the market - EVER! Built by the Lamer family in 1959 and carefully maintained, this five-unit apartment building is ideally located in the prime and popular Burbank hillside area, just below Kenneth Road. It is convenient to everything Burbank has to offer, just a few short blocks from the Downtown area with its shopping, restaurants, theaters, etc. It's close to hiking trails, public transportation, the DeBell Golf course and a short drive to the Media District and all of the studios making it very attractive to tenants. All of the units are currently rented on month-to-month agreements. There are four large single-story one-bedroom units in the front building with screened front and rear doors and a spacious two-bedroom second floor unit located near the five-car carport at the rear of the property. The two-bedroom upper unit has a private balcony and views of the mountains and the valley. It would make an ideal owner's unit. All of the units have copper plumbing, dual glazed energy efficient windows, wall a/c units and wall heaters, carpet and vinyl flooring, a dishwasher, gas range with lights/fan hood, and garbage disposal. Four of the units have refrigerators provided by the Landlord. There is a community laundry room with coin operated machines providing additional income. The apartments are separately metered for gas and electric. Water is master metered. Exterior lighting and automatic sprinklers for the nicely landscaped front yard.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Carpet, Vinyl
Fireplace Information
Features None
Interior Information
Features Balcony, Built-in Features, Copper Plumbing Full, Living Room Balcony, Tile Counters, Unfurnished
Cooling Type Wall/Window Unit(s)

Listing Information

Address 730 Magnolia Boulevard
City Burbank
State CA
Zip 91501
County Los Angeles
Listing Agent Thomas Masterani DRE#00716502
Co-Listing Agent Victoria Claussen DRE#01063232
Courtesy Of Dilbeck Real Estate
MLS BB20103146
Close Price $1,722,000
Close Date Wednesday, July 22nd, 2020
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 7,873
Year Built 1959
DOM 29

Exterior Information

Other Structures
Structures Storage
View Yes

Maps

Listing information courtesy of: Thomas Masterani, Victoria Claussen, Dilbeck Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 22nd, 2020 at 12:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.