627 East Magnolia Boulevard

Burbank, CA 91501

$2,399,000
Last Sold Price
8
Beds
7
Baths
4,388 Sq. Ft.
$547 / Sq. Ft.
4,388
Sq. Ft.
$547
per Sq. Ft.

Description

Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.
  1. Listed by HUI LING CHAN • DRE #01367365 • Brokerage DRE #01947398 • UNITED R.E.- LOS ANGELES

Property Details for 627 East Magnolia Boulevard

Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4388
Assessor Parcel Number
2455-034-009

Location

Listing Courtesy of UNITED R.E.- LOS ANGELES, HUI LING CHAN, DRE #01367365

Sold By Specialized Realty, Artak Dovlatyan, DRE #01250473

Add your commute
LISTING UPDATED: 08/11/2022 08:34 AM

Property Details for 627 East Magnolia Boulevard

StatusClosed
MLS #WS22080968
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
CountyLos Angeles County

Location

Listing Courtesy of UNITED R.E.- LOS ANGELES, HUI LING CHAN, DRE #01367365

Sold By Specialized Realty, Artak Dovlatyan, DRE #01250473

Add your commute

Building Information for 627 East Magnolia Boulevard

Building/Complex627 E Magnolia BlvdFloor-Stories2Residences-Pet Policy-Year Built1917Building Size-

Payment Calculator

$15,407 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,092

Property Taxes

$2,315

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 627 East Magnolia Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $98,400
  • Gross Scheduled Income: $97,200
  • Net Operating Income: $0
  • Laundry Income: $1,200
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $0
  • Gardener Expense: $720
  • Fuel Expense: $1,056
  • Pool Expense: $2,400
  • Electric Expense: $960
  • Insurance Expense: $4,107
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,104
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 21
  • Tax Tract Number: 0
  • Tax Census Tract: 3102.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Property Condition: Repairs Cosmetic
  • Pool Features: Community, Fenced
  • Pool Description: Fenced
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Lot 6500-9999
  • Direction Faces: Southeast
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Assigned
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 Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • 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 Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • 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 Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 7

Property History for 627 East Magnolia Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 627 East Magnolia Boulevard

Taxable ValueLand$959,000Additions$1,442,375Total$2,401,375
Tax Record2023$27,784 ($2,315 / month)
Home Facts
Total Finished SqFt4,388 SqFtAbove Grade Finished SqFt4,388 SqFtLot Size8,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningBUR4*CountyLOS ANGELESAPN2455-034-009

Schools near 627 East Magnolia Boulevard

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
Ralph Emerson Elementary School
PublicK to 5

John Muir Middle School
Public6 to 8

Burbank High School
Public9 to 12

Burbank Usd Community Day School
Public7 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 UNITED R.E.- LOS ANGELES, HUI LING CHAN, DRE #01367365

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.