918 N Screenland Dr - Health Care FOR SALE


Burbank, CA 91505- Magnolia Park
$1,499,000 USD
626-321-7410
918 N Screenland Dr, Burbank, CA for Sale
$1,499,000 USD
Health Care - FOR SALE
1/21
null | 4.54% Cap Rate

918 N Screenland Dr
Burbank, CA 91505
Magnolia Park


HIGHLIGHTS

  • Two Separate Houses on One Lot: Front 2Bdr/1Bath and Rear 4Bdr/2Bath houses with strong-in place cash flow.
  • Approved ADU Plans: City-approved plans for two 1Bdr/1Bath ADUs (374 SF & 383 SF) to be built atop detached garage.
  • Prime Burbank Location: Just steps from Porto’s Bakery with an 87 Walk Score—tenants can accomplish most errands on foot.
  • Individually Metered: Each unit separately metered for gas, electricity, and water—tenants pay all utilities including trash and sewer
  • Additional ADU Potential: Buyer may explore converting rear unit’s attached garage into a Jr. ADU. Buyer to verify.
  • Attractive Seller Financing: 20% Downpayment, 5.75% Interest Only, 10- Year Term.

OVERVIEW

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 Porto’s 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 house’s 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.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$643 USD /SF

CAP RATE

4.54%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

918 N Screenland Dr Seller Financing 20% Down

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,604 SF

ZONING

R-3

APN/PARCEL ID

2480-012-011

ASK ABOUT THIS PROPERTY

Andy ChanKW CommercialMore Info
626-321-7410

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Andy ChanKW CommercialMore Info
626-321-7410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.