2660 North Frederic Street

Burbank, CA 91504

$1,520,000
Last Sold Price
6
Beds
5
Baths
3,480 Sq. Ft.
$437 / Sq. Ft.
3,480
Sq. Ft.
$437
per Sq. Ft.

Description

We are proud to exclusively present the opportunity to acquire this 5-unit apartment investment property, located at 2660 N Frederic St in the city of Burbank. The building was constructed in 1952. The total building rentable space is 3480 sq ft. The unit mix consists of (1) two-bedroom one-bath unit and (4) one-bedroom one-bath units. On a lot size of 5,871 sq ft (0.1348 acres) in BUR4 zone. The units are separately metered for gas and electricity, individual hot water heaters in each unit. The...We are proud to exclusively present the opportunity to acquire this 5-unit apartment investment property, located at 2660 N Frederic St in the city of Burbank. The building was constructed in 1952. The total building rentable space is 3480 sq ft. The unit mix consists of (1) two-bedroom one-bath unit and (4) one-bedroom one-bath units. On a lot size of 5,871 sq ft (0.1348 acres) in BUR4 zone. The units are separately metered for gas and electricity, individual hot water heaters in each unit. The property has 5 parking spaces with assigned individual enclosed single-car garage. The facility offers a community laundry room. Great Value-add opportunity for an operator/owner user or an excellent investment opportunity with an upside in rents. In a prime location of Burbank, near the Burbank Hills by Woodbury University, and within walking distance to the Empire Center, shops, and dining. The property is in close proximity to several major employers like, the Walt Disney Studios, Warner Brothers, Nickelodeon, and the Burbank Studios. As well as a short drive to, IKEA, TESLA, Home Depot, and the Hollywood Burbank Airport. Drive by only! Please do not walk the property, do not disturb residents
  1. Listed by Frank Rodriguez • DRE #01807520 • Brokerage DRE #02180411 • Rho Real Estate Investments • 818-381-6440

Property Details for 2660 North Frederic Street

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3480
Assessor Parcel Number
2473-021-018
Property Attached YN
true

Location

Listing Courtesy of Rho Real Estate Investments, Frank Rodriguez, DRE #01807520

Sold By Realty Executives Power Group, Razmik Tatos, DRE #00997879

Add your commute
LISTING UPDATED: 09/08/2023 09:44 AM

Property Details for 2660 North Frederic Street

StatusClosed
MLS #SR23020786
Days on Market157
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
CountyLos Angeles County

Location

Listing Courtesy of Rho Real Estate Investments, Frank Rodriguez, DRE #01807520

Sold By Realty Executives Power Group, Razmik Tatos, DRE #00997879

Add your commute

Building Information for 2660 North Frederic Street

Building/Complex2660 N Frederic StFloor-Stories2Residences-Pet Policy-Year Built1952Building Size-

Payment Calculator

$9,775 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,295

Property Taxes

$1,480

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2660 North Frederic Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $89,364
  • Gross Scheduled Income: $89,364
  • Vacancy Allowance: 2681
  • Gross Operating Income: $86,683
  • Net Operating Income: $62,475
  • Gross Multiplier: 18.45
  • Cap Rate: 3.9
  • Current Financing: None
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $24,208
  • New Taxes Expense: $16,971
  • Insurance Expense: $1,889
  • Professional Management Expense: $867
  • Other Expense: $1,500
  • Other Expense Description: Repl Res
  • Trash Expense: $1,521
  • Water Sewer Expense: $1,460
  • Total Expenses: $24,208
Tax / Assessment Info
  • Tax Tract Number: 12320
  • Tax Census Tract: 3104.00
  • CFD/Mello-Roos Fee: $785
  • Tax Lot: 94
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac, Level
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
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: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2100
  • 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: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2100
  • 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: Yes
  • Unit Type Actual Rent: $917
  • Unit Type Total Rent: $917
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • 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: Yes
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 2660 North Frederic 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 2660 North Frederic Street

Taxable ValueLand$918,000Additions$614,000Total$1,532,000
Tax Record2023$17,758 ($1,480 / month)
Home Facts
Total Finished SqFt3,480 SqFtAbove Grade Finished SqFt3,480 SqFtLot Size5,871 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningBUR4*CountyLOS ANGELESAPN2473-021-018

Schools near 2660 North Frederic 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
George Washington 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.

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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 Rho Real Estate Investments, Frank Rodriguez, DRE #01807520

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.