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260 W Linden Avenue

Burbank, CA 91502
  • $1,795,000
  • STATUS: Active Under Contract
  • ON SITE: 106 Days
  • MLS #: 21791568
Under Contract
$1,795,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800)


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 California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122084865
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260 W Linden Avenue Burbank, CA 91502

  • Price: $1,795,000
  • Status: Active Under Contract
  • On Site: 106 Days
  • MLS #: 21791568
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1949
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - 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

Parking Features Assigned Parking Total 8

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Association Fee 0 Gross Income 109500 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 80310 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning Bur3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800)