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1135 N Rose Street

Burbank, CA 91505
  • $1,199,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: GD24022010
UPDATED: 148 min ago
$1,199,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent(s): Mike Babakhanyan of FIV REALTY CO (818-240-4142) and Martin Lazarian of ()


Description

Introducing an exceptional duplex investment opportunity in Burbank's vibrant heart, an area renowned for its dynamic growth, prestige, and consistent demand for rental properties. Front Unit " A Masterpiece of Design for Maximum Returns: This unit, boasting three bedrooms and one bathroom, stands as a paragon of quality and thoughtful design. Its modern windows bathe the space in natural light, enhancing the ambiance. The kitchen, recently updated with sleek countertops and newer cabinetry, adds to the unit's appeal. Central air conditioning and heating ensure comfort throughout the year, a key consideration for potential tenants. Back Unit " A Gem of Intrinsic Worth: The rear unit, comprising one bedroom and one bathroom, offers a blend of comfort and style. Carpeted floors lead to a comfortable kitchen, ensuring a contemporary living experience. The addition of a private backyard offers a unique luxury " secluded outdoor space, a coveted feature in urban settings. The detached garage presents an opportunity for conversion into an Additional Dwelling Unit (ADU), potentially boosting income. Located at 1135 N. Rose St., this property's prime location near the Chandler Bike Path, Toluca Lake, and Burbank Studios, provides a steady stream of tenant interest. This location is unparalleled for those seeking both a connected lifestyle and convenience. With the prospect of dual rental income streams in a flourishing Burbank market, this duplex promises both immediate and sustained return on investment, positioning itself as an attractive option for those looking to capitalize on the area's growing appeal. OR IF YOU WANT TO LIVE IN ONE OF THE UNITS AND RENT THE OTHER ONE, THIS IS A GREAT WAY TO OFF-SET YOUR MORTGAGE PAYMENT WHILE GROWING EQUITY!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T00:28:36.88. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147184250
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1135 N Rose Street Burbank, CA 91505

  • Price: $1,199,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 148 min ago
  • ID#: GD24022010
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1966
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Introducing an exceptional duplex investment opportunity in Burbank's vibrant heart, an area renowned for its dynamic growth, prestige, and consistent demand for rental properties. Front Unit " A Masterpiece of Design for Maximum Returns: This unit, boasting three bedrooms and one bathroom, stands as a paragon of quality and thoughtful design. Its modern windows bathe the space in natural light, enhancing the ambiance. The kitchen, recently updated with sleek countertops and newer cabinetry, adds to the unit's appeal. Central air conditioning and heating ensure comfort throughout the year, a key consideration for potential tenants. Back Unit " A Gem of Intrinsic Worth: The rear unit, comprising one bedroom and one bathroom, offers a blend of comfort and style. Carpeted floors lead to a comfortable kitchen, ensuring a contemporary living experience. The addition of a private backyard offers a unique luxury " secluded outdoor space, a coveted feature in urban settings. The detached garage presents an opportunity for conversion into an Additional Dwelling Unit (ADU), potentially boosting income. Located at 1135 N. Rose St., this property's prime location near the Chandler Bike Path, Toluca Lake, and Burbank Studios, provides a steady stream of tenant interest. This location is unparalleled for those seeking both a connected lifestyle and convenience. With the prospect of dual rental income streams in a flourishing Burbank market, this duplex promises both immediate and sustained return on investment, positioning itself as an attractive option for those looking to capitalize on the area's growing appeal. OR IF YOU WANT TO LIVE IN ONE OF THE UNITS AND RENT THE OTHER ONE, THIS IS A GREAT WAY TO OFF-SET YOUR MORTGAGE PAYMENT WHILE GROWING EQUITY!
Exterior Features

Entry Level 1 Entry Location main level Lot Features Back YardFront Yard Number Of Separate Electric Meters 1 Parking Features Driveway Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof Composition View None View YN No

Interior Features

Appliances DishwasherDisposalGas RangeMicrowave Common Walls No Common Walls Cooling Central AirWall/Window Unit(s) Cooling YN Yes Flooring CarpetLaminate Heating Forced Air Heating YN Yes Interior Features Granite Counters

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingSidewalksUrbanValley Electric Expense 1200 Fuel Expense 0 Garage YN Yes Gross Income 65280 Gross Scheduled Income 65280 Insurance Expense 1500 Land Lease YN No Laundry Features In Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 44473 New Construction YN No New Taxes Expense 14987 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 20807 Possession Negotiable Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5440 Trash Expense 720 Water Sewer Expense 720 Water Source Public Zoning BUR1YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T00:28:36.88. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Mike Babakhanyan of FIV REALTY CO (818-240-4142) and Martin Lazarian of ()