1980 North Ontario Street, Burbank, CA

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Since 1951 this is a single family owned triplex that consist of three roomy 2+1 units, rear unit has bonus room for a nursery or office.
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Since 1951 this is a single family owned triplex that consist of three roomy 2+1 units, rear unit has bonus room for a nursery or office. Large court yard with a beautiful healthy 50 year old Chinese Elm canopy tree in center that shades the building in the summer and a large rear patio area. Common laundry room for all tenants, one 2-car garage and one 1-car garage. Ten year old completely replaced roof, recently prepped and painted exterior. Kitchens retain their original wood cabinets and tile, along with the bathrooms. Carpets have recently been replaced, but underneath them there are beautiful solid wood floors. Additional Street parking is available, very quiet and safe neighborhood Providencia elementary school on the same block, and Ralph Foy Park with roller hockey, tennis, and a baseball diamond. Well taken care of tenants, boasting extremely long term tenant occupancy from 8 to 15 years with no move outs. Very low cost to run building, with onsite maintenance man at 15 years tenancy and experience living in front unit that takes care of the most common problems, such as gardening, plumbing, and electrical. Owner will carry first with 15% down, 4.25% fixed fully amortized, 20 years, 20% prepayment early payoff penalty before 15 years.
 

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Brad Korb
Brad Korb Real Estate Group
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818-859-0310
1980 North Ontario Street
Burbank, CA 91505
List Price: $ 775,577
Living Area Approx: 2325
 
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