2234 North Ontario Street

Burbank, CA 91504

$1,475,000
Last Sold Price
4
Beds
3
Baths
1,932 Sq. Ft.
$763 / Sq. Ft.
1,932
Sq. Ft.
$763
per Sq. Ft.

Description

Presented for sale is a wonderful Triplex in the City of Burbank. The property has been fully remodeled and is fully rented. The next-door Triplex is also for sale. Located just down the road from the Hollywood Burbank Airport (though not in the direct flight path), there is tremendous commercial activity in the area, with companies such as Hasbro, Insomniac Games, Kaiser, and Technicolor to name just a few. Surrounded by tons of restaurants, hotels, entertainment and nightlife, these properties...Presented for sale is a wonderful Triplex in the City of Burbank. The property has been fully remodeled and is fully rented. The next-door Triplex is also for sale. Located just down the road from the Hollywood Burbank Airport (though not in the direct flight path), there is tremendous commercial activity in the area, with companies such as Hasbro, Insomniac Games, Kaiser, and Technicolor to name just a few. Surrounded by tons of restaurants, hotels, entertainment and nightlife, these properties are very near Downtown NoHo (Arts District) and Downtown Burbank. Easy access to the 5 Freeway, near Target, Walmart, Costco, REI, Lowes, and just about anything that may be needed by the existing and future tenants. The property consists of a 2 Bedroom & 1 Bathroom house and a duplex with each unit having 1+1. Units have access to outdoor space. Each unit has a Washer and Dryer. The property has 3+ parking spaces. Great financing options are available for Triplexes. The next-door Triplex also for sale is 2236 N. Ontario St. 2464-006-039. Inside photos shown are of units at 2236 N. Ontario, which was remodeled in a similar fashion to 2234 N. Ontario.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #00625769 • Compass

Property Details for 2234 North Ontario Street

Zoning
BUR4*
Parcel Number
2464006040
Total Units
3.0
Living Area
1932
Source Living Area
Assessor
Area
Burbank (610)
Vacancy Rate
0
Lot Size Area
6651

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474

Sold By Serjik Shamirian, Serjik Shamirian, DRE #01095871

Add your commute
LISTING UPDATED: 01/03/2022 01:37 PM

Property Details for 2234 North Ontario Street

StatusSold
MLS #21-105343
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.15 AC / 6,651 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474

Sold By Serjik Shamirian, Serjik Shamirian, DRE #01095871

Add your commute

Building Information for 2234 North Ontario Street

Stories1Residences-Year Built1928Building Size-Lot Size0.15 AC / 6,651 SF

Payment Calculator

$9,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$1,413

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2234 North Ontario Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Flat
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $78,480
  • Net Operating Income: $54,755.00
  • Gross Income: $78,480
  • Cap Rate: 3.81%
  • Gross Rent Multiplier: $18.32
  • Total Annual Expense: 23750
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1528
  • Lot Size Square Feet: 6651
Parking Details
Parking Details
  • Parking Garage: Other, Gated
  • Total Parking: 3
  • Parking Features: Gated
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Hood Fan, Microwave, Dishwasher, Dryer, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-15-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,973.00
  • Unit Actual Rent: $3,945.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 2234 North Ontario 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 2234 North Ontario Street

Taxable ValueLand$1,122,000Additions$382,500Total$1,504,500
Tax Record2023$16,954 ($1,413 / month)
Home Facts
Total Finished SqFt1,932 SqFtAbove Grade Finished SqFt1,932 SqFtLot Size6,651 SqFtStyleTriplexYear Built1928ZoningBUR4*CountyLOS ANGELESAPN2464-006-040

Schools near 2234 North Ontario 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
Providencia Elementary School
PublicK to 5

Luther Burbank Middle School
Public6 to 8

Burbank High School
Public9 to 12

Monterey High (Continuation) 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, Dario Svidler, DRE #01884474

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.