Skip To Content

11611 Burbank Boulevard

North Hollywood, CA 91601
  • $1,200,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 22176957
UPDATED: 3 min ago
$1,200,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)


Description

Probate Sale. Subject to Court confirmation and overbidding in Court. For sale AFTER 37 years! Excellent opportunity to own 3 units, with potential to legalize the 4th unit in the back. Owner started the work on converting the garage into a 4th unit, but did not do it with permits. One of the existing legal 1 bedroom units is currently vacant, and will be delivered vacant at close of escrow. Large two-story owner's unit (3 bedroom 2 bath) in the front, is currently occupied by a family member, who is not paying any rent, not cooperating with the sale, and/or providing access to the property. To the best of the Court appointed Administrator's information, there is no lease agreement, with the subject family member. Sale is subject to buyer(s) taking the property AS IS, with the current occupant(s), and assuming all responsibilities of dealing with the occupant(s) after the close of escrow. One of the 1 bedroom unit is leased to a long-term Section 8 tenant at $983 per mo. Financials are Projected, assuming market rent for the Owner's unit (=$5,000/mo.), and the vacant unit (=$1,500/mo.). All units separately metered for gas and electricity. Low maintenance. Each unit has its own separate water heater and washer & dryer hook-up. Property is priced to sell based on the issues involved. Desirable North Hollywood location, close to NoHo Arts district, and easy access to I-101, I-170, & I-134. Property is being sold AS IS and WHERE IS with current occupants in place. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/131060645
Print Image

11611 Burbank Boulevard North Hollywood, CA 91601

  • Price: $1,200,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 3 min ago
  • ID#: 22176957
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1949
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Probate Sale. Subject to Court confirmation and overbidding in Court. For sale AFTER 37 years! Excellent opportunity to own 3 units, with potential to legalize the 4th unit in the back. Owner started the work on converting the garage into a 4th unit, but did not do it with permits. One of the existing legal 1 bedroom units is currently vacant, and will be delivered vacant at close of escrow. Large two-story owner's unit (3 bedroom 2 bath) in the front, is currently occupied by a family member, who is not paying any rent, not cooperating with the sale, and/or providing access to the property. To the best of the Court appointed Administrator's information, there is no lease agreement, with the subject family member. Sale is subject to buyer(s) taking the property AS IS, with the current occupant(s), and assuming all responsibilities of dealing with the occupant(s) after the close of escrow. One of the 1 bedroom unit is leased to a long-term Section 8 tenant at $983 per mo. Financials are Projected, assuming market rent for the Owner's unit (=$5,000/mo.), and the vacant unit (=$1,500/mo.). All units separately metered for gas and electricity. Low maintenance. Each unit has its own separate water heater and washer & dryer hook-up. Property is priced to sell based on the issues involved. Desirable North Hollywood location, close to NoHo Arts district, and easy access to I-101, I-170, & I-134. Property is being sold AS IS and WHERE IS with current occupants in place. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.
Exterior Features

Architectural Style Traditional Construction Materials BrickBlockConcreteWood Siding Direction Faces South Entry Location Living Room Lot Features Front Yard Number Of Separate Electric Meters 3 Parking Features DrivewayPavedShared DrivewayUncovered Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No View YN Yes

Interior Features

Appliances OvenRangeRange Hood Common Walls No Common Walls Cooling Central AirWall/Window Unit(S) Cooling YN Yes Flooring CarpetWood Heating CentralFireplace(S)Wall Furnace Heating YN Yes Interior Features Recessed Lighting Window Features BlindsFrench/MullionedGarden Window(S)

Property Features

Additional Parcels YN No Association Fee 0 Buyer Financing Cash Community Features Gated Disclosures Rent ControlTrust/Conservatorship Exclusions Any And All Personal items Belonging To The Occupant(S). Garage YN Yes Gross Income 89796 Laundry Features In Kitchen Levels Two Listing Agreement Probate Listing Service Full Service Listing Terms CashCourt Approval Net Operating Income 59659 New Construction YN No Number Of Separate Gas Meters 3 Number Of Units Leased 1 Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Probate Listing Tenant Pays ElectricityGas Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369396538-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369396538-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369396538-1.jpg
Logo
Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)