2117 Scott Road

Closed 1/29/21
Closed 1/29/21
Gallery Image 1
Sold
Last Sold Price
$1,032,000
3 beds3 baths1,775 sqft$581/sqft
2117 Scott Rd, Burbank, CA 91504
Multi FamilyProperty Type
7,939 sq ftLot Size
1941Year Built
$581/sq ftPrice per sq ft
5 carsParking Spaces

Description

2117 Scott Rd is the only triplex on the market in all of Burbank! There is record low inventory at this time, so jump on this deal before it goes. This adorable triplex is made up of three cottage-style 1 bedroom, 1 bathroom units. It is located walking distance to the center of Downtown Burbank! At an unbelievably low price of $999,000, this deal presents buyers countless options:
1) Fix and flip! With significant upside to take advantage of, this is the perfect opportunity to renovate and re-sell...2117 Scott Rd is the only triplex on the market in all of Burbank! There is record low inventory at this time, so jump on this deal before it goes. This adorable triplex is made up of three cottage-style 1 bedroom, 1 bathroom units. It is located walking distance to the center of Downtown Burbank! At an unbelievably low price of $999,000, this deal presents buyers countless options:

1) Fix and flip! With significant upside to take advantage of, this is the perfect opportunity to renovate and re-sell for higher! 2) Buy and hold! With a current cap rate of 3.78% and a pro forma cap rate of 4.49%, this property provides investors a strong and stable long term investment. An asset such as this triplex in highly desirable Burbank is a safe way to protect your money and watch it grow! 3) Owner occupy! 4) Build- This triplex is on a 7,939 square foot BUR4 lot! Prime location for a new construction property. (Buyer must do their own due diligence.)

2117 Scott Rd boasts features such as: well maintained units with copper plumbing and new(er) roof (3-5 years old), three 1-car garages plus two exterior spaces, space available to install coin operated laundry for extra income, high quality original hardwood flooring in all units (under carpet in some areas), and an unbeatable location walking distance to the Empire Center and Woodbury University. Also moments from Costco, the entertainment studios (and thousands of entertainment jobs nearby!) , and so much more!
  • Listed by: Elizabeth Maddox DRE #01921425 Brokerage DRE #01921425 • The 2-4 Unit Specialists
  • Listed by: Ian Maddox DRE #02030205 Brokerage DRE #01921425 • The 2-4 Unit Specialists
Listing closed: 01/29/2021 12:00 AM • Source: CRMLS, MLS#: BB20258662

Recent comparable sales

Median sold price

$975,000

Avg days on market

16

Sale-to-list ratio

103.8%

Burbank, CA

9 comparable properties found

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Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

Sold By The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

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30 year fixed, 6.55% Interest

Principal and Interest

$5,246

Property Taxes

$1,062

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Property Information for 2117 Scott Road

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • Architectural Style: Cottage
  • Parking Spaces Total: 5
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 3.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 1775
  • Assessor Parcel Number: 2472-016-012
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area: 592
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1775
  • Building Area Units: Square Feet
  • Fireplace: No
  • Pool: No
  • Zoning: BUR4*
  • Senior Community: No
  • Parcel Number: 2472016012
  • Area: Burbank (610)
  • Directions: On Scott Rd, North of Glenoaks Blvd
Building Information
  • Stories: 1
  • Year Built: 1941
  • Lot Size: 0.18 AC / 7,939 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $4,450
  • Gross Scheduled Income: $53,400
  • Vacancy Allowance: 0
  • Gross Operating Income: $53,400
  • Net Operating Income: $37,781
  • Gross Multiplier: 18.71
  • Cap Rate: 3.78
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $15,619
  • New Taxes Expense: $10,944
  • Gardener Expense: $1,040
  • Electric Expense: $0
  • Insurance Expense: $750
  • Maintenance Expense: $1,830
  • Trash Expense: $0
  • Water Sewer Expense: $1,055
  • Total Expenses: $15,619
Tax / Assessment Info
  • Tax Tract Number: 3097
  • Tax Census Tract: 3104.00
  • Taxes Percent: 1.09%
  • Tax Lot: 31
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
  • Flooring Type: Carpet, Tile, Wood
  • Flooring: Carpet, Tile, Wood
  • Virtual Tour URL Branded:
  • Virtual Tour URL Unbranded:
Exterior Features
  • Miscellaneous: Value in Land
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Landscaped, Level with Street, Level, Value In Land
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 2117 Scott Road

DateEvent & SourcePriceAppreciation
Jan 29, 2021

Sold

CRMLS #BB20258662

$1,032,000—
Jan 29, 2021

Sold

SDMLS #BB20258662

$1,032,000—
Jan 29, 2021

Sold

CLAW #BB20258662MR

$1,032,000—
DateEvent & SourcePrice
01/29/2021

Sold

CRMLS #BB20258662

$1,032,000
01/29/2021

Sold

SDMLS #BB20258662

$1,032,000
01/29/2021

Sold

CLAW #BB20258662MR

$1,032,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2117 Scott Road

Taxable ValueLand$686,736Additions$452,671Total$1,139,407
Tax Record2025$12,741 ($1,062 / month)
Home Facts
Baths3Total Finished SqFt1,775 SqFtAbove Grade Finished SqFt1,775 SqFtLot Size7,939 SqFtStyleTriplexYear Built1941Year Renovated1941ZoningBUR4*CountyLOS ANGELESAPN2472-016-012

Schools near 2117 Scott Road

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Thomas Jefferson Elementary School
Public - K to 5
John Muir Middle School
Public - 6 to 8
Burbank High School
Public - 9 to 12
Magnolia Park School
Public - 6 to 12
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 5

John Muir Middle School
Public6 to 8

Burbank High School
Public9 to 12

Magnolia Park School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2117 Scott Road, Burbank, CA 91504
$1,032,000
3
3
1,775
7,939
2115 Scott Road, Burbank, CA 91504
$540,000
2
3
1,775
6,578
2121 Scott Road, Unit 103, Burbank, CA 91504
–
2
2
1,485
–
2121 Scott Road, Unit 203, Burbank, CA 91504
$385,000
2
2
1,485
–
2121 Scott Road, Unit 301, Burbank, CA 91504
$350,000
2
1,390
–
2121 Scott Road, Unit 102, Burbank, CA 91504
$380,000
2
2
1,310
–

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.