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    11637 Burbank Boulevard

    North Hollywood, CA 91601
    • $2,699,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: SR20095519
    UPDATED: 35 min ago
    $2,699,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,847
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    WAY BELOW MARKET! OFFERING A BRAND NEW 2020 FOURPLEX WITH A CAP RATE of 5.8! The spacious floor plans that this building has makes it ideal for a new owner to lease out the building. The largest floor plan is a 4 bed/4 bath, attached garage, inside laundry area with a separate bedroom and bathroom on the first floor is ideal for an office/Den/home gym with its own private entrance ( Bldg. Sq. ft - Per Cert of Occupancy states 4,160 sq.ft). The other 2 units, comprised of 3 bed/3 baths, two car attached garage, laundry area, open living room and kitchen area, exceptionally designed for today's lifestyle will be loved by all. All of these units have a private bathroom in each of the bedrooms, balconies and large closets. FEATURES include, separate meters for gas, water and electricity, tank less water heaters, stainless steel appliances and a low maintenance landscaping (Bldg. sq.ft. per Cert. of Occupancy -states 3,687 sq.ft)Easily accessible to all major highways, adjacent Valley Village, minutes to Studio city, Sherman Oaks, Encino, Los Angeles Valley College and to the upcoming NOHO Mall.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T15:31:29.083. 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 Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/106038189

    11637 Burbank Boulevard North Hollywood, CA 91601

    • Price: $2,699,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SR20095519
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    7,847
    SQFT
    $344
    $/SQFT
    2020
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    WAY BELOW MARKET! OFFERING A BRAND NEW 2020 FOURPLEX WITH A CAP RATE of 5.8! The spacious floor plans that this building has makes it ideal for a new owner to lease out the building. The largest floor plan is a 4 bed/4 bath, attached garage, inside laundry area with a separate bedroom and bathroom on the first floor is ideal for an office/Den/home gym with its own private entrance ( Bldg. Sq. ft - Per Cert of Occupancy states 4,160 sq.ft). The other 2 units, comprised of 3 bed/3 baths, two car attached garage, laundry area, open living room and kitchen area, exceptionally designed for today's lifestyle will be loved by all. All of these units have a private bathroom in each of the bedrooms, balconies and large closets. FEATURES include, separate meters for gas, water and electricity, tank less water heaters, stainless steel appliances and a low maintenance landscaping (Bldg. sq.ft. per Cert. of Occupancy -states 3,687 sq.ft)Easily accessible to all major highways, adjacent Valley Village, minutes to Studio city, Sherman Oaks, Encino, Los Angeles Valley College and to the upcoming NOHO Mall.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 0.00 Fence YN Yes Fencing Excellent ConditionPrivacyRedwoodSee Remarks Foundation Details See Remarks Garage Spaces 8.00 Lot Features 0-1 Unit/Acre Lot Size Units Square Feet Parking Features CoveredDirect Garage Access Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof See Remarks Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherEnergy Star Qualified AppliancesEnergy Star Qualified Water HeaterMicrowaveTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central AirEnergy Star Qualified Equipment Cooling YN Yes Door Features Energy Star Qualified DoorsSliding Doors Fireplace Features None Fireplace YN No Flooring Concrete Heating Central Heating YN Yes Interior Features Granite CountersHigh CeilingsOpen FloorplanRecessed Lighting Laundry Features In GarageInside Levels Three Or MoreMulti/Split Room Type All Bedrooms DownAll Bedrooms UpKitchenLaundryLiving RoomMulti-Level BedroomTwo Masters

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.80 Community Features Suburban Country Us Electric Expense 47.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 198000.00 Gross Multiplier 13.32 Gross Operating Income 198000.00 Gross Scheduled Income 198000.00 Insurance Expense 3300.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Public Records Net Operating Income 155602.00 New Construction YN Yes New Taxes Expense 31038.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Operating Expense 42398.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemFire Sprinkler System Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 34475.50 Trash Expense 45.00 Utilities Sewer Connected Water Sewer Expense 45.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Glenda Martinez of Pinnacle Estate Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T15:31:29.083. 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 Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

     
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