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633 N Rosemary Lane

Burbank, CA 91505
  • $2,050,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: BB24017751
UPDATED: 120 min ago
$2,050,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Listing Agent(s): Cameron Hunter of Media West Realty,Inc. (818-845-9700)


Description

Discover a unique investment opportunity at 633 N Rosemary Ln, nestled in the heart of Burbank's sought-after Magnolia Park Neighborhood and conveniently located close to Verdugo Park. This property presents a versatile opportunity with a strategic location near entertainment, shopping, and dining destinations, making it attractive to a wide range of buyers. Whether you're an investor seeking reliable rental income " the complex brings in a strong rental income with quality tenants, or a developer with an eye on its residential potential, or even a buyer looking for a home with strong appreciation potential, 633 N Rosemary Ln has the flexibility to meet your needs.Benefit from Burbank's rich historical property value trends and enjoy convenient access to essential amenities like parks, schools, and transportation hubs Major Studio like Disney, Warner Bros, Universal Studios, St. Joseph Hospital, Hollywood/Burbank Airport, and Downtown Burbank. This prime real estate opportunity is perfectly positioned to capitalize on the thriving Burbank market. Don't let this chance slip through your fingers " contact us now to explore the diverse possibilities and secure your stake in this coveted location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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 COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147197759
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633 N Rosemary Lane Burbank, CA 91505

  • Price: $2,050,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 120 min ago
  • ID#: BB24017751
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1944
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Discover a unique investment opportunity at 633 N Rosemary Ln, nestled in the heart of Burbank's sought-after Magnolia Park Neighborhood and conveniently located close to Verdugo Park. This property presents a versatile opportunity with a strategic location near entertainment, shopping, and dining destinations, making it attractive to a wide range of buyers. Whether you're an investor seeking reliable rental income " the complex brings in a strong rental income with quality tenants, or a developer with an eye on its residential potential, or even a buyer looking for a home with strong appreciation potential, 633 N Rosemary Ln has the flexibility to meet your needs.Benefit from Burbank's rich historical property value trends and enjoy convenient access to essential amenities like parks, schools, and transportation hubs Major Studio like Disney, Warner Bros, Universal Studios, St. Joseph Hospital, Hollywood/Burbank Airport, and Downtown Burbank. This prime real estate opportunity is perfectly positioned to capitalize on the thriving Burbank market. Don't let this chance slip through your fingers " contact us now to explore the diverse possibilities and secure your stake in this coveted location.
Exterior Features

Entry Level 1 Entry Location sidewalk Lot Features Front YardNear Park Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features SidewalksPark Electric Expense 0 Fuel Expense 37 Garage YN Yes Gross Income 108180 Gross Scheduled Income 108180 Insurance Expense 1038 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 4550 Net Operating Income 73388 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 34792 Pest Control Expense 450 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TV Total Actual Rent 8965 Trash Expense 0 Water Sewer Expense 1550 Water Source Public Zoning BUR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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 COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Cameron Hunter of Media West Realty,Inc. (818-845-9700)