2117 Scott Rd is the only triplex on the market in all of Burbank! There is record low inventory at this time, so jump on this deal before it goes. This adorable triplex is made up of three cottage-style 1 bedroom, 1 bathroom units. It is located walking distance to the center of Downtown Burbank! At an unbelievably low price of $999,000, this deal presents buyers countless options: 1) Fix and flip! With significant upside to take advantage of, this is the perfect opportunity to renovate and re-sell for higher! 2) Buy and hold! With a current cap rate of 3.78% and a pro forma cap rate of 4.49%, this property provides investors a strong and stable long term investment. An asset such as this triplex in highly desirable Burbank is a safe way to protect your money and watch it grow! 3) Owner occupy! 4) Build- This triplex is on a 7,939 square foot BUR4 * lot! Prime location for a new construction property. (Buyer must do their own due diligence. ) 2117 Scott Rd boasts features such as: well maintained units with copper plumbing and new(er) roof (3-5 years old), three 1-car garages plus two exterior spaces, space available to install coin operated laundry for extra income, high quality original hardwood flooring in all units (under carpet in some areas), and an unbeatable location walking distance to the Empire Center and Woodbury University. Also moments from Costco, the entertainment studios (and thousands of entertainment jobs nearby!), and so much more!
Multi-familyProperty Type
1941Year Built
7,939 sq ftLot Size
$682Est. Price/Sq.Ft.
3 garage spacesParking
Listed by Elizabeth Maddox•DRE #01921425• Myunits.com Inc.
Listed by Ian Maddox•DRE #02030205• Myunits.com Inc.
Bought with Elizabeth Maddox•DRE #01921425• Myunits.com Inc.
Bought with Ian Maddox•DRE #02030205• Myunits.com Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
7,939
Year renovated
1941
Sq. Ft.
1,775
Year built
1941
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
2472016012
Parking Spaces
5
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Mar 23, 2021.
R-4
High Density Residential Zone
The R-4 High Density Residential Zone is intended for higher density multifamily development, including rental and ownership options. The zone is intended to accommodate a higher intensity of multifamily development. With limited exceptions as allowed through the Conditional Use Permit process, non-residential uses are generally not appropriate in the R-4 Zone.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Aug 23, 2021 • Active
Remodel/addition
ADU
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 2
# of Garage Spaces: 3
# of Parking Spaces: 5
Interior
Laundry Information
None
Cooling Information
Wall Window
Has Cooling
Room Information
Kitchen, Living Room
Flooring Information
Carpet, Tile, Wood
Heating Information
Floor Furnace
Has Heating
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 10686218
Listing Key Numeric: 365042967
Actual Rent: $1,200
Total # of Baths: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,200
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10686219
Listing Key Numeric: 365042967
Actual Rent: $1,500
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
# of Garage Spaces: 1
Total Rent: $1,500
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 365042967
Unit Key Numeric: 10686220
Actual Rent: $1,750
Total # of Baths: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,750
Total # of Units: 1
Expenses
Total: $15,619
Maintenance: $1,830
Insurance: $750
Water Sewer: $1,055
New Taxes: $10,944
Gardener: $1,040
Multi-Unit Information
Net Operating Income: $37,781
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Average 1 Bed Area: 592
Sq. Ft.
Total Building Area: 1,775
Gross Scheduled Income: $53,400
Gross Operating Income: $53,400
Gross Multiplier: 18.71
Gross Income: $4,450
# Of Leased Units: 3
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 3
# Of Separate Electric Meters: 3
# Of Buildings: 1
Vacancy Allowance: 0
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Front Yard, Landscaped, Level with Street, Lot-Level/Flat, Value In Land
Property Information
Total # of Units: 3
Common Walls: 2+ common walls, No one above, No one below
Parcel Number: 2472016012
Attached Property
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $15,619
Rent Control
Total Actual Rent: $4,450
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Sidewalks, Street Lighting
Location Information
Latitude: 34.19831400
Longitude: -118.32589900
Directions: On Scott Rd, North of Glenoaks Blvd
Road Frontage Type: Access via City Streets
Road Surface Type: Paved
Zoning: BUR4*
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,775
Stories: —
Parking Spaces: 5
Basement: No
Accessible: No
Lot Size: 7,939 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1941
Year Renovated: 1941
County: Los Angeles County
APN: 2472016012
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Mar 23, 2021
Other
Listing Information
Days Active in MLS: 13
Continuous Days Active in MLS: 13
Listing Agent Information
List Agent First Name: Elizabeth
List Agent Last Name: Maddox
Co-List Agent First Name: Ian
Co-List Agent Last Name: Maddox
Listing Office Information
List Office Name: The 2-4 Unit Specialists
Co-List Office Name: The 2-4 Unit Specialists
Selling Agent Information
Buyer Agent First Name: Elizabeth
Buyer Agent Last Name: Maddox
Co-Buyer Agent First Name: Ian
Co-Buyer Agent Last Name: Maddox
Selling Office Information
Buyer Office Name: The 2-4 Unit Specialists
Co-Buyer Office Name: The 2-4 Unit Specialists
Around this home
Schools
Thomas Jefferson Elementary School
Public K-5 • Assigned • 0.3mi
8/10
John Muir Middle School
Public 6-8 • Assigned • 0.8mi
9/10
Burbank High School
Public 9-12 • Assigned • 1.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...