Excellent opportunity for the investor who has been searching for in-demand units in a prime Burbank hillside location, close to the Downtown area. Mom and Pop property that has been owned by the same family for more than 70 years. Detached single family home with all of its original character in the front and four units in the rear, all on month to month agreements. House has been owner-occupied and will be delivered vacant at close of escrow. Copper plumbing, upgraded electrical, and central heating and air conditioning have been added to the house. Detached two car garage with adjoining laundry room (appliances included in sale) and small enclosed yard. Four units with garages that were added at the rear of the property are identified as Units A, B, C & D with a street address of 726 E Magnolia. Each unit has a single car garage. Separate laundry room for tenants with coin operated machines that are owned, not leased.
Listed By CRMLS_CA / Thomas Masterani / Dilbeck Real Estate
Last checked:
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Last updated Apr 7, 2024
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MLS# BB18251307 —
The Building
Year Built:
1930
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Stucco
Architectural Style:
Traditional
Roof:
Composition, Shingle
Exterior Features:
Rain Gutters
Foundation:
Raised
Accessibility Features:
None
Common Walls:
1 Common Wall
Building Area Total:
3305.00
Building Area Units:
Square Feet
# of Buildings:
2
Total Number Of Units:
5
Stories Total:
2
# of Separate Gas Meters:
5
# of Separate Water Meters:
5
# of Separate Electric Meters:
5
Interior
Features:
Ceiling Fan, Ceramic Counters
Levels:
Two
Window Features:
Double Pane Windows, Wood Frame Windows
Flooring:
Carpet, Vinyl
Room Type:
Entry, Kitchen, Laundry, Living Room, Sun
Number Wall AC:
4
Fireplace:
Yes
Fireplace:
Living Room, Wood
Laundry:
Community, Individual Room, Outside
Laundry:
1
Location
Directions:
East on Magnolia Boulevard just below Kenneth Road
Latitude:
34.18934000
Longitude:
-118.30450200
The Property
Zoning:
BUR3*
Lot Features:
Back Yard, Front Yard, Lawn, Lot 6500-9999, Lot Shape-Rectangular, Lot-Level/Flat, Paved, Sprinkler System
Lot Size Area:
7484.0000
Lot Size Acres:
0.1718
Lot Size SqFt:
7484.00
Lot Size Source:
Assessor
View:
1
View:
Mountain
Fencing:
Block
Fence:
Yes
Road Frontage:
City Street
Road Surface Type:
Paved
Property Attached:
1
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Census Tract:
3102.01
Tax Tract:
9999
Tax Lot:
8
The Listing
Special Listing Conditions:
Standard
Parcel Number:
2455032009
Heating & Cooling
Heating:
1
Heating:
Central Furnace
Cooling:
Yes
Cooling:
Central
Utilities
Utilities:
Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Sewer:
Public Sewer
Water Source:
Public
Appliances
Appliances:
Dishwasher, Gas Stove, Gas Water Heater, Microwave, Refrigerator
Included:
Yes
The Community
Senior Community:
No
Features:
Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
2/14/19
Feb 14, 2019
Sold
CRMLS_CA
$1,615,000
-2.1%
1/9/19
Jan 9, 2019
Pending
CRMLS_CA
$1,650,000
12/7/18
Dec 7, 2018
Listed / Active
CRMLS_CA
$1,650,000
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Multifamily
Sold
on 2/14/2019
$1,615,000
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Listing provided by broker:
Thomas Masterani
Dilbeck Real Estate
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Dilbeck Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Apr 23.
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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Apr 7, 2024
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