633 N Rosemary Ln
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633 N Rosemary Ln
4 Unit Block of Flats £1,621,820 (£405,455/Unit) 5.02% Net Initial Yield Burbank, CA 91505
Investment Highlights
- Located on a desirable street in Burbank's Magnolia Park
- Close to Verdugo Park and within walking distance to all the quaint shops, restaurants, and coffee shops on Magnolia Blvd
Executive Summary
This unique investment property is located on a desirable street in Burbank's Magnolia Park! It is located close to Verdugo Park and within walking distance to all the quaint shops, restaurants, and coffee shops on Magnolia Blvd. You won't want to miss it! The building features (4) two bed / one bath units, (2) two-car shared garages, cute patio areas for several units, plus a large backyard area for the rear unit. All units are tenant-occupied with strong rental income, so this is a perfect opportunity for an Investor who is looking for great tenants and a great property to invest in! This is a prime real estate opportunity!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£92,814
|
£28.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£92,814
|
£28.79
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £92,814 |
| Annual Per SF | £28.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £92,814 |
| Annual Per SF | £28.79 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,621,820 | Building Class | C |
| Price Per Unit | £405,455 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,224 SF |
| Net Initial Yield | 5.02% | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1944 |
| Property Subtype | Apartment |
| Price | £1,621,820 |
| Price Per Unit | £405,455 |
| Sale Type | Investment |
| Net Initial Yield | 5.02% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,224 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1944 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 2480-022-006 | Improvements Assessment | £490,871 |
| Land Assessment | £736,306 | Total Assessment | £1,227,177 |
PROPERTY TAXES
Parcel Number
2480-022-006
Land Assessment
£736,306
Improvements Assessment
£490,871
Total Assessment
£1,227,177
zoning
| Zoning Code | BUR3* (Residential) |
| BUR3* (Residential) |
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633 N Rosemary Ln
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