We are proud to present 501 E. Harvard Rd. , Burbank. An amazing upside potential opportunity for investors. It is also perfect for an owner-occupied, buyer who wants to live in one of the units and collect rent on the other three. Since this property has 4-units, it qualifies for residential financing. This 4-unit multifamily property, built-in 1950, has a total building size of approximately 3,360 Sq. Ft. and sits on approximately 12741 Sq. Ft. lot. The building has unit mix, One unit is 2-Bedrooms, 1-1/2 Bathroom with bonus room (Approximately 1,150 Sq. ft. ), Three units are 1-Bedroom, 1-Bathroom. This property is located in Burbank. Burbank is well known for being home to Walt Disney Studios and Warner Bros. Studios. The building location is easy to access to schools, restaurants, shopping, entertainment, freeway, and recreations. This property is an ideal candidate to take advantage of the large lot for the investor. This value-add opportunity has upside potential in rents. It is also individually metered for gas and electricity. Property is in nice condition.
Multi-familyProperty Type
1950Year Built
0.29 acresLot Size
$542Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Judy Stevens•DRE #00980668• Keller Williams Realty Encino-
Listed by Steve Stevens•DRE #00980669• Keller Williams Realty Encino-
Bought with Anthony Kerimian•DRE #02036035• Jack Kerimian, Real Estate Bro
*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
Beds
6
Baths
4.5
Stories
1
Lot width
—
Lot depth
—
Lot size
12,741
Year renovated
1951
Sq. Ft.
3,360
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
2459039009
Parking Spaces
4
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Jan 19, 2022.
R-3
Medium Density Residential Zone
The R-3 Medium Density Residential Zone is intended for medium density multiple family developments, including rental and ownership options. Due to the low to middle range densities permitted, the R-3 Zone is intended to accommodate lower intensity multifamily development and can act to buffer single family residential neighborhoods from higher density multifamily development. With limited exceptions as allowed through the Conditional Use Permit process, non-residential uses are generally not appropriate in the R-3 Zone.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 2
Carport, Garage
Has Parking
# of Parking Spaces: 4
Interior
Laundry Information
Has Laundry
See Remarks
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 10924585
Listing Key Numeric: 367134061
Total # of Baths: 2
# of Baths Full: 1
# of Baths Half: 1
Total # of Beds: 2
Furnished: Unfurnished
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10924586
Listing Key Numeric: 367134061
Actual Rent: $1,425
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $1,425
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 367134061
Unit Key Numeric: 10924587
Actual Rent: $1,600
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,600
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 367134061
Unit Key Numeric: 10924588
Actual Rent: $1,440
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,440
Total # of Units: 1
Multi-Unit Information
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,360
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre
Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 2459039009
Attached Property
Year Built Source: Assessor
Financial
Lease / Rental Details
Rent Control
Tenant Pays: Electricity, Gas, Trash
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks, Street Lighting
Location Information
Latitude: 34.18891800
Longitude: -118.31087400
Directions: North of Glenoaks Blvd. between Harvard Rd. and North 5th Street
Public facts
Beds: 6
Baths: 4.5
Sq. Ft.: 3,360
Stories: —
Parking Spaces: 4
Basement: No
Accessible: No
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: 1951
County: Los Angeles County
APN: 2459039009
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Jan 19, 2022
Other
Listing Information
Days Active in MLS: 70
Continuous Days Active in MLS: 70
Listing Agent Information
List Agent First Name: Judy
List Agent Last Name: Stevens
Co-List Agent First Name: Steve
Co-List Agent Last Name: Stevens
Listing Office Information
List Office Name: Keller Williams Realty Encino-
Co-List Office Name: Keller Williams Realty Encino-
Selling Agent Information
Buyer Agent First Name: Anthony
Buyer Agent Last Name: Kerimian
Selling Office Information
Buyer Office Name: Jack Kerimian, Real Estate Broker
Around this home
Schools
Ralph Emerson Elementary School
Public K-5 • Assigned • 0.3mi
7/10
John Muir Middle School
Public 6-8 • Assigned • 0.4mi
9/10
Burbank High School
Public 9-12 • Assigned • 0.2mi
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,...