17
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$1,499,000
Est. payment /mo
6 Beds
3 Baths
6,604 Sqft Lot
Active
918 N Screenland Drive Burbank, CA 91505
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25129462
Bedrooms 6
HOA Y/N No
Lot Size 6,604 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
918 North Screenland Drive in Burbank is a unique opportunity to acquire two houses on a large lot with ADU potential. It is well-located right around the corner from the popular Portos Bakery, and it boasts an 87 Walk Score. This means tenants can accomplish most errands by foot. This is the first time the asset has been offered for sale in over five decades. This generational asset is offered with attractive Seller Financing: 20% downpayment, 5.75% interest only for 10 years. The front unit is a 2bdr 1bath house totaling 792 sf. It has its own front yard, back patio, and detached one-car garage. The back unit is a 4bdr 2bath house totaling 1,541 sf. It has its own patio and an attached one-car garage. There is a boundary wall with gated entrance separating the two units for privacy. There is space to fit two additional cars in the driveway. The City has already approved plans for two additional 1Bdr 1Bath ADU Units (374 sf and 383 sf) that may be built atop the detached garage. Please see plans included in this Offering Memorandum. The property may present additional value through ADU conversion of the back houses attached garage. Buyer to verify. The asset sits on a 6,604 sf lot zoned R-3. Each house is individually metered for gas, electricity, and water. Tenants pay for all utilities including trash, water, sewer, gas, and electricity. Units have washer/dryer hookups and wall-mounted heating/cooling units. Although there have not been major recent capital improvements to the roof, electrical, or plumbing, the site is well maintained and well-positioned with stable, in-
918 North Screenland Drive in Burbank is a unique opportunity to acquire two houses on a large lot with ADU potential. It is well-located right around the corner from the popular Portos Bakery, and it boasts an 87 Walk Score. This means tenants can accomplish most errands by foot. This is the first time the asset has been offered for sale in over five decades. This generational asset is offered with attractive Seller Financing: 20% downpayment, 5.75% interest only for 10 years. The front unit is a 2bdr 1bath house totaling 792 sf. It has its own front yard, back patio, and detached one-car garage. The back unit is a 4bdr 2bath house totaling 1,541 sf. It has its own patio and an attached one-car garage. There is a boundary wall with gated entrance separating the two units for privacy. There is space to fit two additional cars in the driveway. The City has already approved plans for two additional 1Bdr 1Bath ADU Units (374 sf and 383 sf) that may be built atop the detached garage. Please see plans included in this Offering Memorandum. The property may present additional value through ADU conversion of the back houses attached garage. Buyer to verify. The asset sits on a 6,604 sf lot zoned R-3. Each house is individually metered for gas, electricity, and water. Tenants pay for all utilities including trash, water, sewer, gas, and electricity. Units have washer/dryer hookups and wall-mounted heating/cooling units. Although there have not been major recent capital improvements to the roof, electrical, or plumbing, the site is well maintained and well-positioned with stable, in-place cash flow and additional upside potential via ADU development. 918 N Screenland is ideal for a Buyer seeking strong in-place rental income, value-add potential via approved ADU Plans, and long-term value in a well-located Burbank submarket with seller-financing.
918 North Screenland Drive in Burbank is a unique opportunity to acquire two houses on a large lot with ADU potential. It is well-located right around the corner from the popular Portos Bakery, and it boasts an 87 Walk Score. This means tenants can accomplish most errands by foot. This is the first time the asset has been offered for sale in over five decades. This generational asset is offered with attractive Seller Financing: 20% downpayment, 5.75% interest only for 10 years. The front unit is a 2bdr 1bath house totaling 792 sf. It has its own front yard, back patio, and detached one-car garage. The back unit is a 4bdr 2bath house totaling 1,541 sf. It has its own patio and an attached one-car garage. There is a boundary wall with gated entrance separating the two units for privacy. There is space to fit two additional cars in the driveway. The City has already approved plans for two additional 1Bdr 1Bath ADU Units (374 sf and 383 sf) that may be built atop the detached garage. Please see plans included in this Offering Memorandum. The property may present additional value through ADU conversion of the back houses attached garage. Buyer to verify. The asset sits on a 6,604 sf lot zoned R-3. Each house is individually metered for gas, electricity, and water. Tenants pay for all utilities including trash, water, sewer, gas, and electricity. Units have washer/dryer hookups and wall-mounted heating/cooling units. Although there have not been major recent capital improvements to the roof, electrical, or plumbing, the site is well maintained and well-positioned with stable, in-place cash flow and additional upside potential via ADU development. 918 N Screenland is ideal for a Buyer seeking strong in-place rental income, value-add potential via approved ADU Plans, and long-term value in a well-located Burbank submarket with seller-financing.
Location
State CA
County Los Angeles
Area Burbank (91505)
Zoning Appraiser
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $28
Acceptable Financing Seller May Carry
Space Rent $4,100
Listing Terms Seller May Carry
Listed by Andy Chan • Keller Williams Realty