247 N Maple St

6
Baths
4,374 Sq. Ft.
$354 / Sq. Ft.
4,374
Sq. Ft.
$354
per Sq. Ft.

Description

Location! Location! Location! This is an excellent opportunity to purchase an apartment building located in the Media District of Burbank. Only half mile from the studios! Situated on a corner lot, the property features six units: four (4) 1 bed/1 bath units, and two (2) 2 bed/1bath units. The rental income is significantly under market, with a potential of 50% in upside! Take advantage of the rental upside by renovations and rental increases! The property also features upgraded plumbing, upgraded...Location! Location! Location! This is an excellent opportunity to purchase an apartment building located in the Media District of Burbank. Only half mile from the studios! Situated on a corner lot, the property features six units: four (4) 1 bed/1 bath units, and two (2) 2 bed/1bath units. The rental income is significantly under market, with a potential of 50% in upside! Take advantage of the rental upside by renovations and rental increases! The property also features upgraded plumbing, upgraded waste lines, and a new roof was installed approximately five (5) years ago. Tenants pay for gas and electricity, and landlord is responsible for water. Hurry! This wont last! Do not go on property. Do not disturb tenants. Drive by only.
  1. Listed by Anubhav Kawatra • DRE #01881930 • Brokerage DRE #01881930 • Anubhav Kawatra

Property Details for 247 North Maple Street

Zoning
BUR3*
Parcel Number
2482009027
Total Units
6.0
Living Area
4374
Source Living Area
Vendor Enhanced
Area
Burbank (610)
Vacancy Rate
3%
Lot Size Area
9352
LISTING UPDATED: 05/05/2016 02:24 PM

Property Details for 247 North Maple Street

StatusSold
MLS #16-100062
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.21 AC / 9,352 SF
CountyLos Angeles County

Location

Listing Courtesy of Anubhav Kawatra, Anubhav Kawatra, DRE #01881930

Sold By Anubhav Kawatra, Anubhav Kawatra, DRE #01881930

Add your commute

Building Information for 247 North Maple Street

Stories-Residences-Year Built1953Building Size-Lot Size0.21 AC / 9,352 SF

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$9,505 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,724

Property Taxes

$1,781

HOA Dues

$0

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Property Information for 247 North Maple Street

Community / Development
Community / Development
  • Number Of Units: 6
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: No
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $75,678
  • Net Operating Income: $42,321.00
  • Gross Income: $78,000
  • Cap Rate: 2.60%
  • Gross Rent Multiplier: $20.99
  • Total Annual Expense: 33357
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 9352
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 6
  • Parking Features: Carport
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window
  • Cooling Type: Wall/Window
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 02-24-2016
  • Rent Control: 0
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,150.00
  • Unit Actual Rent: $4,150.00
  • Unit Projected Rent: $4,150.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $344,774.00
  • Assessed Land Value: $151,691.00

Property History for 247 North Maple Street

DateEvent & SourcePriceAppreciation
Apr 27, 2016

Sold

SDMLS #16100062

$1,550,000—
Apr 27, 2016

Sold

CRMLS #16100062

$1,550,000—
Apr 27, 2016

Sold

CLAW #16-100062

$1,550,000—
DateEvent & SourcePrice
04/27/2016

Sold

SDMLS #16100062

$1,550,000
04/27/2016

Sold

CRMLS #16100062

$1,550,000
04/27/2016

Sold

CLAW #16-100062

$1,550,000

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

Public Records for 247 North Maple Street

Taxable ValueLand$733,951Additions$1,102,978Total$1,836,929
Tax Record2025$21,371 ($1,781 / month)
Home Facts
Total Finished SqFt4,374 SqFtAbove Grade Finished SqFt4,374 SqFtLot Size9,352 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningBUR3*CountyLOS ANGELESAPN2482-009-027

Schools near 247 North Maple Street

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
R. L. Stevenson Elementary School
PublicK to 5

Dolores Huerta Middle
Public6 to 8

John Burroughs High School
Public9 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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Listing Courtesy of Anubhav Kawatra, Anubhav Kawatra, DRE #01881930

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.