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618 N Mariposa St 4 Unit Apartment Building $1,150,000 ($287,500/Unit) Burbank, CA 91506
Executive Summary
Excellent opportunity to purchase a four (4)-unit multifamily property located in a prime residential neighborhood in Burbank; the building consists of one (1), two (2) bedroom/two (2) bathroom unit, two (2), two (2) bedroom/one (1) bathroom units, and one (1), one (1) bedroom/one (1) bathroom unit; the property has easy access to the 5 Freeway, Burbank Empire Center, Hollywood Burbank Airport, Downtown Burbank, IKEA, Home Depot, and the Magnolia Park shopping district. There are also many film studios and production companies in the area which drive strong housing demand.
Property Facts In Escrow
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $287,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 4 | Building Size | 2,670 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1935 |
| Zoning | R-3 - Residential Multiple Low Density | ||
| Price | $1,150,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,670 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Zoning | R-3 - Residential Multiple Low Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2449-020-008 | Improvements Assessment | $392,032 |
| Land Assessment | $588,054 | Total Assessment | $980,086 |
Property Taxes
Parcel Number
2449-020-008
Land Assessment
$588,054
Improvements Assessment
$392,032
Total Assessment
$980,086
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618 N Mariposa St
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