2117 Scott Rd, Burbank, CA 91504

Property Description

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!