Est. cap rate

3.4%

Assumed rent, all units

$6,260/mo

Units

2

Price per unit

$550,000

Est. annual NOI

$37,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,641 sqft

Lot size

6,108 sqft

Year built

1943

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

1

MLS #

248716798

About this property

Duplex with upside in Burbank’s sought-after Magnolia Park neighborhood, just blocks from the shops, restaurants, and cafes of Magnolia Boulevard. Set on a 6,120 sq ft lot, each unit offers 2 bedrooms and 1 bathroom, both with hardwood floors and each with its own central HVAC. A 2-car garage provides storage for both units, a common-area laundry room with washer and dryer is on site, and a long driveway fits 3 to 4 cars, which is a real plus. Both units are occupied by good tenants who take care of the property, so you start with stable income from day one. Future improvements would be a straightforward way to maximize rent potential as units turn over. A strong fit for an investor looking for solid cash flow with room to grow in one of Burbank’s most in-demand rental pockets, or an owner-occupant who wants the neighbor to help pay the mortgage. Close to the studios, Downtown Burbank, Burbank Airport, and the 5 and 134 freeways. Tenant-occupied; please do not disturb tenants. Showings by appointment with proper notice.

Location

624 N Niagara

Burbank, Los Angeles, CA, 91505