2318 North Ontario Street

Burbank, CA 91504

$2,930,000
Last Sold Price
11
Beds
100
Baths
5,798 Sq. Ft.
$505 / Sq. Ft.
5,798
Sq. Ft.
$505
per Sq. Ft.

Description

BACK IN THE MARKET: After almost 60 days in Escrow the Buyer Could not make it happen: So the GREAT OPPORTUNITY Is BACK ! Lovely home, plus 3 Apartment Buildings, for a total of 10 units. (11 bedrooms, 10 baths) First time on the Market, in more than 33 years. Very Good Income, plus a Huge Opportunity for Developers on 13,800 sq. ft. of R4 property. In a phenomenal location, with high class Office Buildings, Internationally famous Hotels, & the famous Burbank International Airport. Close to great...BACK IN THE MARKET: After almost 60 days in Escrow the Buyer Could not make it happen: So the GREAT OPPORTUNITY Is BACK ! Lovely home, plus 3 Apartment Buildings, for a total of 10 units. (11 bedrooms, 10 baths) First time on the Market, in more than 33 years. Very Good Income, plus a Huge Opportunity for Developers on 13,800 sq. ft. of R4 property. In a phenomenal location, with high class Office Buildings, Internationally famous Hotels, & the famous Burbank International Airport. Close to great Schools, Shopping Centers, Movie Studios Freeways & much More.
  1. Listed by Cam Walker • DRE #01903087 • Brokerage DRE #01957525 • Town Center Realty Group

Property Details for 2318 North Ontario Street

Parking Spaces Total
11
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5798
Assessor Parcel Number
2464-005-044
Property Attached YN
true

Location

Listing Courtesy of Town Center Realty Group, Cam Walker, DRE #01903087

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute
LISTING UPDATED: 08/24/2021 10:13 AM

Property Details for 2318 North Ontario Street

StatusClosed
MLS #BB21027652
Days on Market68
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.32 AC / 13,811 SF
CountyLos Angeles County

Location

Listing Courtesy of Town Center Realty Group, Cam Walker, DRE #01903087

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute

Building Information for 2318 North Ontario Street

Stories1Residences-Year Built1937Building Size-Lot Size0.32 AC / 13,811 SF

Payment Calculator

$18,848 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,990

Property Taxes

$2,858

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2318 North Ontario Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $182,000
  • Gross Scheduled Income: $182,000
  • Net Operating Income: $158,235
  • Gross Multiplier: 16.48
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $23,765
  • New Taxes Expense: $9,841
  • Insurance Expense: $2,676
  • Professional Management Expense: $0
  • Trash Expense: $1,200
  • Water Sewer Expense: $10,048
  • Total Expenses: $23,765
Tax / Assessment Info
  • Tax Tract Number: 9443
  • Tax Lot: 201
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Individual Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 11
  • Open Other Spaces Total: 11
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 11
  • Unit Type Baths Total: 10
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 11
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $182,112
  • Unit Type Total Rent: $182,212
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 2318 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 2318 North Ontario Street

Taxable ValueLand$1,193,400Additions$1,799,200Total$2,992,600
Tax Record2023$34,296 ($2,858 / month)
Home Facts
Total Finished SqFt5,798 SqFtAbove Grade Finished SqFt5,798 SqFtLot Size13,812 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningBUR4*CountyLOS ANGELESAPN2464-005-044

Schools near 2318 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 Town Center Realty Group, Cam Walker, DRE #01903087

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.