123 North Maple Street

Burbank, CA 91505

$3,185,000
Last Sold Price
13
Beds
9
Baths
6,518 Sq. Ft.
$489 / Sq. Ft.
6,518
Sq. Ft.
$489
per Sq. Ft.

Description

The subject property is a pristine, non-rent controlled, nine-unit apartment complex built in 1944 and located in the city of Burbank, a submarket of Los Angeles, in the San Fernando Valley. Ideally situated on Maple Street, just off Olive Avenue, the property is steps away from Warner Brothers Studios. The property boasts a mix of five 1 bedroom, 1 bathroom units and four 2 bedroom, 1 bathroom units. The prime location allows occupants to enjoy all of Burbanks world famous entertainment, dining...The subject property is a pristine, non-rent controlled, nine-unit apartment complex built in 1944 and located in the city of Burbank, a submarket of Los Angeles, in the San Fernando Valley. Ideally situated on Maple Street, just off Olive Avenue, the property is steps away from Warner Brothers Studios. The property boasts a mix of five 1 bedroom, 1 bathroom units and four 2 bedroom, 1 bathroom units. The prime location allows occupants to enjoy all of Burbanks world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. Tenants are able to walk to coffee at Cafe Magazzino, Priscillas, and Starbucks and buy groceries at Bake It Again Sam, Vons or Trader Joes. Nearby restaurants include El Carpintero Mexican Restaurant, Smokehouse, and many others including nearby parks.? The improvements are built on a 10,111 square foot lot with a total rentable square footage of 6,518. There are 11 on-site parking spaces as well as on-site laundry.
  1. Listed by Morgan McMullin • DRE #01716570 • Brokerage DRE #01396547 • Compass
  2. Listed by Chris Chasin • DRE #01789284 • Brokerage DRE #01396547 • Compass

Property Details for 123 North Maple Street

Zoning
BUR4*
Parcel Number
2485007030
Total Units
9.0
Living Area
6518
Source Living Area
Assessor
Area
Burbank (610)
Vacancy Rate
11.11%
Lot Size Area
10111

Location

Listing Courtesy of Compass, Morgan McMullin, DRE #01716570; Compass, Chris Chasin, DRE #01789284

Sold By Elite Class Realty, GAYNELL WIGINGTON, DRE #01220629

Add your commute
LISTING UPDATED: 04/29/2021 08:08 AM

Property Details for 123 North Maple Street

StatusSold
MLS #20-600540
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.23 AC / 10,111 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Morgan McMullin, DRE #01716570; Compass, Chris Chasin, DRE #01789284

Sold By Elite Class Realty, GAYNELL WIGINGTON, DRE #01220629

Add your commute

Building Information for 123 North Maple Street

Stories2Residences-Year Built1944Building Size-Lot Size0.23 AC / 10,111 SF

Payment Calculator

$20,543 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,382

Property Taxes

$3,161

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 123 North Maple Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $189,758
  • Net Operating Income: $128,028.00
  • Gross Income: $195,627
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.36
  • Total Annual Expense: 61730
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2321
  • Lot Size Square Feet: 10111
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 11
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall Gas
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-07-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,623.00
  • Unit Actual Rent: $8,117.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,024.00
  • Unit Actual Rent: $8,095.00
  • Unit Projected Rent: $9,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $245,007.00
  • Assessed Improvement Percent: 22.22
  • Assessed Land Value: $857,543.00
  • Assessed Land Percent: 77.78
  • Assessed Total Value: $1,102,550.00

Property History for 123 North Maple Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 123 North Maple Street

Taxable ValueLand$1,326,510Additions$2,000,268Total$3,326,778
Tax Record2023$37,934 ($3,161 / month)
Home Facts
Total Finished SqFt6,518 SqFtAbove Grade Finished SqFt6,518 SqFtLot Size10,111 SqFtStyleMulti-Family Res (5+ Units)Year Built1944ZoningBUR4*CountyLOS ANGELESAPN2485-007-030

Schools near 123 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 - 7 to 12
Rating
School
Distance
R. L. Stevenson Elementary School
PublicK to 5

David Starr Jordan Middle School
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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Morgan McMullin, DRE #01716570; Compass, Chris Chasin, DRE #01789284

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.