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  • DESCRIPTION

    10 unit building close to downtown Burbank. These fully-occupied units are all 1+1 and come with one assigned parking space. This building is close to restaurants, shopping and freeways. Great investment opportunity!!! PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY.

    KEY DETAILS
    • Price:
    • $3,500,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 7,320
    • Acreage:
    • 0.17
    • Year Built:
    • 1962
    • MLS #:
    • BB21225026
    • Street Address:
    • 332 Cornell Dr
    • City:
    • Burbank
    • State:
    • CA
    • Postal Code:
    • 91504
    • County:
    • Los Angeles
    • Area:
    • Burbank
    • Listing Status:
    • For Sale - Active Under Contract

    Building

    • Construction Description:
    • Copper Plumbing
    • Flooring:
    • Carpet, Laminate
    • Interior Features:
    • Balcony, Granite Counters
    • Number Of Floors In Unit:
    • Two
    • Number Of Units:
    • 10
    • Stories:
    • 2
    • Stories:
    • 2
    • Total # Of Buildings:
    • 1
    • Total Building Square Footage:
    • 7320
    • View:
    • Mountain(s)
    • Walls:
    • 2+ Common Walls
    • Year Built:
    • 1962
    • Year Built Source:
    • Assessor

    Business

    • Annual Electric Expenses:
    • 1000
    • Annual Insurance Expenses:
    • 3772
    • Annual Trash Expenses:
    • 1140
    • Annual Water/Sewer Expenses:
    • 2240
    • Gross Income:
    • 174108
    • Net Operating Income:
    • 145138
    • Operating Expense:
    • 28970

    Land

    • Approximate Lot Size Range Source:
    • Assessor
    • Conforms To Zoning:
    • Bur4*
    • Lot Size:
    • 7571
    • Lot Square Footage:
    • 7571
    • Road Frontage Type:
    • City Street
    • Road Type:
    • Maintained, Paved

    Listing

    • Community Features:
    • Curbs, Street Lights, Sidewalks
    • Days On Market:
    • 24
    • Lease Rate:
    • 14500
    • On Market Date:
    • 2021-11-09
    • Originating Mls:
    • Crmls
    • Terms:
    • 1031 Exchange

    Money

    • Tenant Pays:
    • Electricity, Gas, Sewer

    Rooms

    • Laundry:
    • Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room, Outside

    Structures

    • Carport Present:
    • Yes
    • Garage Parking Spaces:
    • 10
    • Has Garage:
    • Yes
    • Number Of Carport Spaces:
    • 10
    • Parking Description:
    • Attached Carport, Assigned, Covered
    • Parking Spaces:
    • 20

    Systems

    • Appliances:
    • Dishwasher, Disposal, Gas Range, Dryer, Washer
    • Cooling System:
    • Wall/Window Unit(s)
    • Existing Water:
    • Public
    • Has Central Air Conditioning:
    • Yes
    • Heating:
    • Wall Furnace
    • Sewage Type:
    • Public Sewer
    • Utilities:
    • Sewer Connected, Water Connected

    Units

    • Unit 1 Monthly Rent:
    • 1595
    • Unit 1 Total Bathrooms:
    • 1
    • Unit 1 Total Bedrooms:
    • 1
    • Unit 2 Monthly Rent:
    • 1700
    • Unit 2 Total Bathrooms:
    • 1
    • Unit 2 Total Bedrooms:
    • 1
    • Unit 3 Monthly Rent:
    • 1594
    • Unit 3 Total Bathrooms:
    • 1
    • Unit 3 Total Bedrooms:
    • 1
    • Unit 4 Monthly Rent:
    • 1382
    • Unit 4 Total Bathrooms:
    • 1
    • Unit 4 Total Bedrooms:
    • 1
    • Unit 5 Monthly Rent:
    • 1170
    • Unit 5 Total Bathrooms:
    • 1
    • Unit 5 Total Bedrooms:
    • 1
    • Unit 6 Monthly Rent:
    • 1328
    • Unit 6 Total Bathrooms:
    • 1
    • Unit 6 Total Bedrooms:
    • 1
    • Unit 7 Monthly Rent:
    • 1275
    • Unit 7 Total Bathrooms:
    • 1
    • Unit 7 Total Bedrooms:
    • 1
    • Unit 8 Monthly Rent:
    • 1488
    • Unit 8 Total Bathrooms:
    • 1
    • Unit 8 Total Bedrooms:
    • 1

    Source

    • Provided By:
    • Listing Agent Ugo Iacobellis () with Twin Realty

      CACRMLS
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