624 N Niagara, Burbank, CA 91505

$1,100,000

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List Agent Boris Gutierrez () Boris Gutierrez, Real Estate Broker; CoList ()

List Price
$1,100,000
Status
ACTIVE
MLS#
BB26224882
Year Built
1943
Lot Size
6,108
Lot Location
Lawn
Days on Market
4
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level

Property Description

Duplex with upside in Burbank’s sought-after Magnolia Park neighborhood, just blocks from the shops, restaurants, and cafes of Magnolia Boulevard. Set on a 6,120 sq ft lot, each unit offers 2 bedrooms and 1 bathroom, both with hardwood floors and each with its own central HVAC. A 2-car garage provides storage for both units, a common-area laundry room with washer and dryer is on site, and a long driveway fits 3 to 4 cars, which is a real plus. Both units are occupied by good tenants who take care of the property, so you start with stable income from day one. Future improvements would be a straightforward way to maximize rent potential as units turn over. A strong fit for an investor looking for solid cash flow with room to grow in one of Burbank’s most in-demand rental pockets, or an owner-occupant who wants the neighbor to help pay the mortgage. Close to the studios, Downtown Burbank, Burbank Airport, and the 5 and 134 freeways. Tenant-occupied; please do not disturb tenants. Showings by appointment with proper notice.

Additional Information

Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.