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    2135-A-E N Lincoln Street

    Burbank, CA 91504
    • $1,549,000
    • STATUS: Active
    • ON SITE: 17 Days
    • ID#: SR21222225
    Price Reduced
    UPDATED: 45 min ago
    $1,549,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Trust sale on 5 units in Burbank Great opportunity for owner occupancy - Apt A consisting of 2 bedrooms, den and 2 baths house with central air and heat, laundry room.. Hardwood floors under carpeting for most of Apt. A interior. Apt. A approx. sq. footage of 1629. Apt. A has entry connection to Apt. B, Apt. B one bedroom, 1 bath unit which was originally used as an office for original owner could be used as office, in-law unit with separate entry. 3 units (C,D and E) are on second story each are 1br-lba 4 car garage from alley. Unfortunately, due to illness, rents were not increased for some time by decedent. Apartments B, C, D and E were built in 1963 as attachment to original single family home thereby creating 5 units. Do not disturb tenants and do not enter back patio area. - Only A and B are available for showing . Otherwise call listing agent. Tenants pay their own electric and gas. Owner paid for water and gardener This property is conveniently located near Bob Hope Airport, the Empire Center with shopping and restaurants, public transportation and easy access to the 5 freeway. Property inspection upon acceptable offer, proof of funds and preapproved loan with commerical lender, if financed. Sold in "as is" condition with no termite report nor work repairs. Buyers to make their own independent investigations.Call listing agent who is related to successor trustee for further information. Some info on gross income is projected only since Apt. A and B were used by owner (decedent) and need new tenants. Est. rent for Apt. A is approx. $3000 min. and approx $1500 for 1st floor Apt. B..Total rent income shown is only for the 3 occupied units with projection for A and B and comps reflect rents should be at least $1400 each for these upper 3 units.. Buyer to do his own investigations for any aspect of this property. Buyer to be pre-approved by commercial lender and cross apply with seller's choice if not all cash. Provide proof of funds with any offer along with method of purchase. Call L.A. for possible showing of A and B.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T23:27:18.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122233082
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    2135-A-E N Lincoln Street Burbank, CA 91504

    • Price: $1,549,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: SR21222225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1947
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    Trust sale on 5 units in Burbank Great opportunity for owner occupancy - Apt A consisting of 2 bedrooms, den and 2 baths house with central air and heat, laundry room.. Hardwood floors under carpeting for most of Apt. A interior. Apt. A approx. sq. footage of 1629. Apt. A has entry connection to Apt. B, Apt. B one bedroom, 1 bath unit which was originally used as an office for original owner could be used as office, in-law unit with separate entry. 3 units (C,D and E) are on second story each are 1br-lba 4 car garage from alley. Unfortunately, due to illness, rents were not increased for some time by decedent. Apartments B, C, D and E were built in 1963 as attachment to original single family home thereby creating 5 units. Do not disturb tenants and do not enter back patio area. - Only A and B are available for showing . Otherwise call listing agent. Tenants pay their own electric and gas. Owner paid for water and gardener This property is conveniently located near Bob Hope Airport, the Empire Center with shopping and restaurants, public transportation and easy access to the 5 freeway. Property inspection upon acceptable offer, proof of funds and preapproved loan with commerical lender, if financed. Sold in "as is" condition with no termite report nor work repairs. Buyers to make their own independent investigations.Call listing agent who is related to successor trustee for further information. Some info on gross income is projected only since Apt. A and B were used by owner (decedent) and need new tenants. Est. rent for Apt. A is approx. $3000 min. and approx $1500 for 1st floor Apt. B..Total rent income shown is only for the 3 occupied units with projection for A and B and comps reflect rents should be at least $1400 each for these upper 3 units.. Buyer to do his own investigations for any aspect of this property. Buyer to be pre-approved by commercial lender and cross apply with seller's choice if not all cash. Provide proof of funds with any offer along with method of purchase. Call L.A. for possible showing of A and B.
    Exterior Features

    Architectural Style Ranch Entry Level 2 Exterior Features Awning(S)LightingRain Gutters Fencing Block Foundation Details RaisedSlab Lot Features 2-5 Units/AcreBack YardFront YardLawnLandscapedNear Public TransitPavedRanchStreet Level Number Of Separate Electric Meters 5 Parking Features Door-MultiGarageGarage Faces RearOn Street Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Roof Asbestos ShingleFlat View Mountain(S) View YN Yes

    Interior Features

    Appliances Built-In RangeDishwasherDisposal Common Walls 2+ Common Walls Cooling Central AirElectricGasWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating CentralWall Furnace Heating YN Yes Interior Features Unfurnished Window Features Double Pane WindowsSkylight(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features CurbsStreet Lights Current Financing None Electric Electricity - On Property220 Volts in Garage Exclusions Apt B RefrigeratorWasher And Dryer in Apt. A. Garage YN Yes Gross Income 30780 Gross Scheduled Income 84420 Insurance Expense 6624 Land Lease YN No Laundry Features Washer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 71409 New Construction YN No New Taxes Expense 2006 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 13011 Pest Control Expense 0 Possession See Remarks Property Sub Type Apartment Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Trust Tenant Pays ElectricityGas Trash Expense 720 Vacancy Allowance Rate 0 Water Sewer Expense 2941 Water Source Public Zoning Bur4*

    Listing provided courtesy of Mary Jane Muro of Keller Williams North Valley


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T23:27:18.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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