Burbank CA Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
38,482
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.74 Acres
Year built:
1990
Baths:
MLS#:
SR24233145

ADDITIONAL INFORMATION

Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.

Type:
Other
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.74 Acres
Year built:
1990
Baths:
MLS#:
CRSR24233145

ADDITIONAL INFORMATION

Portfolio offering of 24 and 20 units situated across the street from each other in prime Burbank. Immediate footprint in one of the hardest barrier to entry markets in Southern California. Directly across the street from the $500,000,000 Ranch Lot Studio development being completed in 2025. Turn key offering both properties have great in place rents and offer ease of management as all units are remodeled. Current annual scheduled income is $1,546,272. Unit mix totals (1) 3+2, (31) 2+2 and (12) 1+1 spacious units. Several lofted ceiling fireplaces, patios, balconies, gated & controlled access & parking.

Type:
Apartment
Sq.Ft.:
20,438
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.42 Acres
Year built:
1989
Baths:
MLS#:
SR24231974

ADDITIONAL INFORMATION

We are pleased to offer for sale the Media Crest @701, a turn-key 24 units multifamily offering in the city of Burbank Ca. Comprised of fully upgraded and remodeled units and grounds, the offering requires virtually no capital upgrade requirements and is being delivered at 12.9 grm and 5.62% cap. Unit mix of (16) 2+2, (8) 1+1 are supplied with balconies/patios, fireplaces, dishwashers, central AC & heat, and are secured by gated parking and controlled access. Situated in the heart of Burbank, a thriving media and entertainment hub, this property offers proximity to major studios like Warner Bros., Disney, and NBC. Burbank is known for its strong rental demand and stable real estate market, making it an excellent location for apartment investment. Directly across the street is the "Ranch Lot Development" a $500,000,000 project being completed in 2025 is comprised of 926,000 sq ft media & office space. Burbank has a strong local economy driven by entertainment, tech, and media industries, making it a resilient market for residential real estate. The city’s ongoing development and economic growth provide a stable investment environment. With its central location and solid demand for rentals, Media Crest @701 is poised to continue to generate consistent cash flow. It represents a safe and reliable long-term investment in a high-demand area. Also available with sister property 520 N Hollywood Way, 20 units, if desired. * Contact Greg Alexanian for further details, tour dates and offering memorandum *

Type:
Apartment
Sq.Ft.:
18,044
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.32 Acres
Year built:
1990
Baths:
MLS#:
SR24231424

ADDITIONAL INFORMATION

We are pleased to offer for sale the Media Crest @520, a turn-key 20 units multifamily offering in the city of Burbank Ca. Comprised of fully upgraded and remodeled units and grounds, the offering requires virtually no capital upgrade requirements and is being delivered at 12.6 grm and 5.74% cap. Unit mix of (1) 3+2, (15) 2+2, and (4) 1+1 are supplied with balconies/patios, fireplaces, dishwashers, central AC & heat, and are secured by gated parking and controlled access. Situated in the heart of Burbank, a thriving media and entertainment hub, this property offers proximity to major studios like Warner Bros., Disney, and NBC. Burbank is known for its strong rental demand and stable real estate market, making it an excellent location for apartment investment. Directly across the street is the "Ranch Lot Development" a $500,000,000 project being completed in 2025 is comprised of 926,000 sq ft media & office space. Burbank has a strong local economy driven by entertainment, tech, and media industries, making it a resilient market for residential real estate. The city’s ongoing development and economic growth provide a stable investment environment. With its central location and solid demand for rentals, Media Crest @520 is poised to continue to generate consistent cash flow. It represents a safe and reliable long-term investment in a high-demand area. Also available with sister property 711 N Hollywood Way, 24 units, if desired. * Contact us for further details, tour dates and offering memorandum *

Type:
Cluster
Sq.Ft.:
9,906
Status:
Active
Beds:
14
Lot size:
0.23 Acres
Year built:
1961
Baths:
16.00
MLS#:
24460053

ADDITIONAL INFORMATION

The building is exempt from Los Angeles Rent Control and therefore an investor can benefit from higher allowable annual rent increases through AB 1482. Only two units have been given rent increases within the past year, potentially allowing a new owner to improve the property's cashflow almost immediately (Buyer to verify). Situated within a mile of both the Burbank Town Center and the Empire Center, this property grants tenants convenient access to numerous major national retailers and an extensive slate of entertainment and dining options. Stores such as Costco, Target, Walmart, Nordstrom Rack, Macy's, Cost Plus World Market, and Best Buy provide local residents a wide array of local shopping choices. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.

Type:
Fourplex
Sq.Ft.:
3,235
Status:
Active
Beds:
n/a
Lot size:
0.18 Acres
Year built:
1926
Baths:
MLS#:
BB24220971

ADDITIONAL INFORMATION

Investors and Homeowners! Located in the hills of Burbank is this 4-unit income property with BUR4 zoning which allows for medium-density multi-family housing (i.e. it permits higher density development compared to single-family zones). An excellent opportunity for an investor or a homeowner who wants to live in the front house or one of the other units and rent out the rest! Living in the media capital of the world, Burbank residents take pride in top-rated schools, parks & recreation offerings, hiking trails, charming Chandler Bike Path, trendy shops, & restaurants. Do not miss this opportunity to own this wonderful property in this awesome city!

Type:
Duplex
Sq.Ft.:
2,024
Status:
Active
Beds:
n/a
Lot size:
0.15 Acres
Year built:
1926
Baths:
MLS#:
SR24218428

ADDITIONAL INFORMATION

WoW!!This charming 3-bed, 2-bath home in 91501 is a fantastic rental opportunity! With a legal ADU, this property boasts modern upgrades, a spacious primary suite, new roof, central AC, updated electricals, and copper plumbing, all done in the last 5 years. Features include a tankless water heater, detached 2-car garage, and a permitted 1-bed, 1-bath ADU with separate entrance and parking for potential rental income. Conveniently located near schools and attractions, and with easy access to freeways and amenities, Fairmount Rd offers a perfect mix of comfort and convenience. Don't miss out!

Type:
Cluster
Sq.Ft.:
n/a
Status:
Active
Beds:
10
Lot size:
0.18 Acres
Year built:
1964
Baths:
12.00
MLS#:
224004339

ADDITIONAL INFORMATION

Investment opportunity on the hill in Burbank. Front unit can be used as the owner's house with 3 bedrooms and 2.5 baths, indoor laundry and an attached two car garage with direct access-rare in Burbank! The front unit is ready for your personal touches. The three back units have all been remodeled. All four units are rented and occupied. Exterior was just painted, completely relandscaped, everything on drip, sprinklers and timers. Estate sale managed by the Trustee, no court approval needed. Listed at the Appraised value as of June 2024

Open House:

Sunday, 11/17 12:00-4:00PM

Type:
Cluster
Sq.Ft.:
1,940
Status:
Active
Beds:
4
Lot size:
0.16 Acres
Year built:
1940
Baths:
3.00
MLS#:
24449977

ADDITIONAL INFORMATION

Incredible opportunity to own two homes on one lot in a highly desirable Burbank location.*Front House (919 N Buena Vista): 2 bedrooms, 1 bath, 941 sq ft, recently remodeled with an open layout. Features include new luxury flooring, fresh paint, recessed lighting, an updated kitchen with new countertops and cabinets, and stainless steel appliances. The bathroom is fully updated with modern fixtures and attached 2-car garage. The exterior has been upgraded with new landscaping and concrete, perfect for outdoor living.*Back House (921 N Buena Vista): Brand-new ADU with 2 bedrooms, 2 baths, approximately 1,000 sq ft. This newly constructed unit features high-end finishes throughout, an open-concept living area, a modern kitchen with quartz countertops and custom cabinetry, and luxurious bathrooms with rain showers. Additional highlights include PAID OFF solar panels, brand-new central AC units, and exterior lighting all around the property. Both units will be delivered vacant, offering flexibility to live in one and rent the other, or rent both for significant income potential. This is a rare opportunity for owner-occupiers or investors, combining modern amenities, energy-efficient features, and prime location. This property won't last long schedule your showing today!

Type:
Other
Sq.Ft.:
1,940
Status:
Active
Beds:
4
Lot size:
0.16 Acres
Year built:
1940
Baths:
3.00
MLS#:
24-449977

ADDITIONAL INFORMATION

Incredible opportunity to own two homes on one lot in a highly desirable Burbank location.*Front House (919 N Buena Vista): 2 bedrooms, 1 bath, 941 sq ft, recently remodeled with an open layout. Features include new luxury flooring, fresh paint, recessed lighting, an updated kitchen with new countertops and cabinets, and stainless steel appliances. The bathroom is fully updated with modern fixtures and attached 2-car garage. The exterior has been upgraded with new landscaping and concrete, perfect for outdoor living.*Back House (921 N Buena Vista): Brand-new ADU with 2 bedrooms, 2 baths, approximately 1,000 sq ft. This newly constructed unit features high-end finishes throughout, an open-concept living area, a modern kitchen with quartz countertops and custom cabinetry, and luxurious bathrooms with rain showers. Additional highlights include PAID OFF solar panels, brand-new central AC units, and exterior lighting all around the property. Both units will be delivered vacant, offering flexibility to live in one and rent the other, or rent both for significant income potential. This is a rare opportunity for owner-occupiers or investors, combining modern amenities, energy-efficient features, and prime location. This property won't last long schedule your showing today!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.16 Acres
Year built:
1951
Baths:
MLS#:
CL24438485

ADDITIONAL INFORMATION

Main House PLUS ADU w/two separate addresses: 649 Tufts Ave (Main House) and 651 Tufts Ave (ADU). The options are endless with this charming traditional style upgraded single family residence with a NEWER 2021 built fully permitted detached ADU, with a total combined 2,368 square feet, in one of the most highly desirable and sought-after locations in the Burbank Hills above Glenoaks Blvd with stunning mountain views! Live in one and rent out the other, use both for additional living quarters for extended family or guests or as an office, or rent both for cash flow. Situated on one of the best and wide tree-lined streets, this bright, airy, and spacious single-level home features 3 bedrooms and 2 bathrooms, a functional and open floor plan, hardwood floors throughout, and a large family room spread over just under 2,000 sf of living space on a large 6,800 sf lot. Updated and move-in ready, the open kitchen features an oversized Calacatta quartz island, quality white and light brown-toned cabinets, luxurious Thermador stove, oven, microwave, and is rounded out by stainless steel appliances throughout - a French door refrigerator and a dishwasher. The primary bedroom is an updated open bedroom offering recessed lighting and features a sleek and modern no-wall design primary bathroom

Type:
Triplex
Sq.Ft.:
1,173
Status:
Active
Beds:
n/a
Lot size:
0.06 Acres
Year built:
1953
Baths:
MLS#:
SR24197556

ADDITIONAL INFORMATION

Perfect Burbank Triplex, of three studio units, in a great location. This income property is located with easy access to the 134/ 5/ and 101 freeways. Minutes from all major movie studios, the Burbank Airport, Amazon, public transportation, Magnolia Park shopping, the Chandler Bike path and the Empire Center. Burbank is known for wonderful schools and a high demand rental market. All units are currently occupied. Improvements include: 3 interior electrical panels upgraded 3 exterior panels upgraded Upgraded drains throughout the property. New toilets throughout New sinks throughout The whole property has a re-circulating hot water line (instant hot water throughout the unit). Unit A : New kitchen cabinets. 45 full grown ficus tress for privacy. Exterior Pation Space in Front of unit. Unit B: Middle unit, polished concrete floors throughout Unit C: Outdoor sink. Hot and cold water . [ Back yard exclusive ] [BBQ pit] natural gas line One parking spot available with this unit The property is separately metered for gas and electricity and has very low maintenance required with strong upside in rents. This is a wonderful opportunity for a first time investor or a savvy investor looking to add to their portfolio. Zoning BUR4 * R-4 High Density Residential

Type:
Cluster
Sq.Ft.:
15,012
Status:
Active
Beds:
26
Lot size:
0.23 Acres
Year built:
1986
Baths:
26.00
MLS#:
24440913

ADDITIONAL INFORMATION

First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. PLEASE DO NOT DISTURB TENANTS. INSPECTION UPON ACCEPTED OFFER.

Type:
Duplex
Sq.Ft.:
2,221
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1950
Baths:
MLS#:
PTP2405934

ADDITIONAL INFORMATION

Great Investment Property !! the perfect fixer-upper -to keep or to Flip !! two homes in one lot plus a studio !! Location ! Location ! Downtown Burbank ! north Hollywood ! Near Shopping, Restaurants, entertainment, and conveniently located near Hollywood Burbank Airport ! off FWY 5 ! great employment opportunities, long term tenants LOW RENTS !!

Type:
Fourplex
Sq.Ft.:
2,477
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1947
Baths:
MLS#:
BB24186845

ADDITIONAL INFORMATION

Back on market! Previously sold with multiple bids over list price! Run, don't walk! Prime investment opportunity in Burbank! This well-maintained 4-unit building offers four 1 bedroom, 1 bathroom units, making it a great rental property. Each unit has been thoughtfully cared for by the same owner for nearly 30 years. The property includes 2 laundry area set-ups, 2 two-car garages, newer copper plumbing, and a newer roof. With alley access and a convenient location in the heart of Burbank, this is an ideal chance to invest in a highly desirable rental market. Don't miss this rare opportunity!

Type:
Mixed Use
Sq.Ft.:
3,500
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1949
Baths:
MLS#:
GD24189437

ADDITIONAL INFORMATION

FIRST TIME ON THE MARKET!! Located in the highly desirable NW of Burbank, one block below Kenneth. This pride of ownership is well maintained 5-unit plus new ADU complex! Three of the five units are one bedroom and one bathroom with on site parking accessed from the alleyway. Duplex features 2 bedrooms 2 baths each unit. ADU has a separate address and features 1BD 1BH. This great investment property is centrally located with easy access to public transit and minutes away to DreamWorks, Warner Bros. Studios, Disney Imagineering, St. Joseph's Hospital, LA Equestrian Center, Griffith Park, Ikea, and much more. Additional conveniences are other local and major retailers, parks, coffee shops, entertainment and nightlife in Downtown Burbank. With easy access to the 5/134/101 freeways. All units are currently tenant occupied.

Type:
Duplex
Sq.Ft.:
1,650
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1924
Baths:
MLS#:
SR24190527

ADDITIONAL INFORMATION

Pride of ownership, two separate houses on one lot. 2014 Peyton Ave. and 2016 Peyton Ave., located in a great Burbank location. Each house has its own separate Gas, Electric, and separate Water Meter. Tenants pay for their Gas, Electric, Water, and Waste Disposal. Both houses have Central Air Conditioning and Heating. 2014 Peyton Ave. has 2 bedrooms, 1 bath. 2016 Peyton Ave. upstairs has 2 bedrooms 1 bath, balcony of the living room. Downstairs area has an unpermitted kitchenette, bathroom, and a bonus nook. 2016 Peyton Ave. has a 2-car garage. Both houses are well-maintained and were remodeled. 2014 Peyton Ave. is one Story, and 2016 Peyton Ave. is two Stories.

Type:
Triplex
Sq.Ft.:
3,495
Status:
Active
Beds:
n/a
Lot size:
0.18 Acres
Year built:
1939
Baths:
MLS#:
CV24184894

ADDITIONAL INFORMATION

Property Overview: Prime Location: Situated in the vibrant Burbank 91504 area, this property is conveniently close to major shopping centers and studios. Top-Rated School District: Burbank is renowned for its excellent schools, significantly enhancing property value. Exceptional Public Services: The area benefits from outstanding police and fire departments, ensuring a safe and secure environment. Front House has 3 bedrooms, 2 bathrooms, Parking: Includes a 1-car covered garage and 3 additional parking spaces. Upgraded Condition: Recently remodeled for modern living. Climate Control: Equipped with central air and heating. Back Units 1: 2 bedrooms, 2.5 bathrooms, features a private patio, 2 designated parking spaces, recently remodeled for modern comfort. Climate Control: Equipped with central air and heating, back Unit 2 Second Floor 2 bedrooms, 2 bathrooms, Includes two balconies. Parking: 2 designated parking spaces. Upgraded Condition: Recently remodeled with modern amenities. Climate Control: Equipped with central air and heating. Conveniently located near schools, public transportation, shopping, and entertainment in Burbank. Easy access to the 5 Freeway, ideal for commuters. Investment Potential: Lucrative Income Property: This 3-unit property is poised to generate steady rental income, especially in Burbank’s high-demand market. Recent Upgrades: All units have been Completely remodeled in 2019, making them highly attractive to tenants seeking modern living spaces. Modern Amenities: Central air and heating in all units add significant value to the property. This property offers strong potential for rental income and long-term appreciation due to its prime location and high-quality units. For potential investors, it’s advisable to analyze the current rental market in Burbank, project potential income, and consider future value appreciation.

Type:
Cluster
Sq.Ft.:
9,232
Status:
Active
Beds:
n/a
Lot size:
0.44 Acres
Year built:
1960
Baths:
20.00
MLS#:
24436685

ADDITIONAL INFORMATION

This is an excellent opportunity to invest in a rare non-rent-controlled 20-unit building (95% occupied) in the prime Burbank area, priced at only $299k per door for renovated units. The property boasts an incredible current 5.25% Cap Rate and 13.2 GRM with upside potential to reach a 5.7% cap rate and 12.4 GRM on proforma. 16 fully renovated units with permits and 1 partially remodeled units offer promising long-term value for any forward-thinking investor. Additionally, the large lot size of approximately 19,166 SF provides ample parking spaces, and there is potential for future upside by adding multiple ADUs (Accessory Dwelling Units).Non-LA-City rent-controlled asset allowing significant 8.9% annual rent increases (5%+CPI) for future upside. 16 units have been completely renovated with permits (1 vacant) and boast a high-end aesthetic with new cabinets, flooring, modern lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. Amenities include a renovated courtyard with seating areas and a fire pit, on-site laundry facilities, and parking for convenience. Prime Burbank location is just minutes away from media giants such as Warner Bros Studios, Walt Disney studios, and Burbank Town Center Shopping Mall.

Type:
Fourplex
Sq.Ft.:
3,254
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1944
Baths:
MLS#:
BB24179472

ADDITIONAL INFORMATION

Location, Location, 4 amazing units South of Riverside Dr. Toluca Woods Burbank! Rare opportunity, this building has been renovated from top to bottom. 4 units, all 2 bedrooms, 1 bath that are approximately 813 sqft. each. Large living areas, large bedrooms, 4 car garage. These units are very charming with open floor plans, wood floors, and vintage finishes. The two bottom units have private yards for the units. This neighborhood offers so much, major studios, hospital, restaurants, Toluca Lake Village and so much more. Upgrades include, new roof, termite clearance, updated electrical, updated plumbing, each unit has been upgraded kitchens, baths, flooring. Each unit has laundry and HVAC.

Type:
Fourplex
Sq.Ft.:
2,838
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1949
Baths:
MLS#:
SR24166746

ADDITIONAL INFORMATION

Never Been Offered for Sale! This is a 4-plex on a 6,178 sq/ft lot, located in prime, desirable area of Burbank. These 4 units are within walking distance to George Izay Park, Walt Disney Elementary School, shopping amenities, entertainment studios like Nickelodeon, Warner Bros. and Disney. Not to mention access to the 5 and 134 freeways and even closer to LA Equestrian Center Rents are significantly below market value, which creates an opportunity to have significant improvements in rental income. These 4 units on one lot consist of Two, 2 bedrooms and Two 1 bedrooms with a total of 6 bedrooms and 6 bathrooms per county records. Each unit has its own gas and electric and A/C units. Situated in a Prime rental district, the location ensures strong rental demand with the proximity to even, Starbucks. Lots of potential for owner / user wanting tenants to help with the mortgage, or investors look for great upside potential. 1+1 is vacant, lower unit, and ready for big return. Call for more details. IMPORTANT that you do not disturb the residents an anyway, Please!

Type:
Cluster
Sq.Ft.:
3,834
Status:
Active
Beds:
n/a
Lot size:
0.06 Acres
Year built:
2017
Baths:
MLS#:
P1-19402
Subdivision:
Not Applicable

ADDITIONAL INFORMATION

Unique opportunity- Creative live/work space in the heart of Burbank's media district! Three floors of brand new construction close to shopping, transportation, and studios. Main floor features a two car garage, entry and a private suite. The 2nd floor is composed of two sets of stairs: one going to a second private suite and another taking you to three bedroom/work spaces and two bathrooms. Finally, the third floor boats a living room with beamed/vaulted ceilings, modern kitchen with dark counter tops, bedroom/work space, and a spacious outdoor patio ideal for entertaining. Custom finishes include hardwood floors, multi-zoned heating and air, quartz counter tops, two laundry areas, kitchenettes in selected suites, and a low maintenance yard. The possibilities are endless with this property- long or short term rental, work space, studio/production suite or simply a brand new home in beautiful Burbank.

Type:
Cluster
Sq.Ft.:
2,824
Status:
Active
Beds:
6
Lot size:
0.16 Acres
Year built:
1938
Baths:
4.00
MLS#:
24417603

ADDITIONAL INFORMATION

We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors.* Impeccably maintained fourplex* Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank)* 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents.* Conveniently located west of the 5 freeway between Alameda and Olive* Burbank schools!!* Owner may finance for a qualified buyer.

Type:
Triplex
Sq.Ft.:
2,862
Status:
Active
Beds:
n/a
Lot size:
0.15 Acres
Year built:
2023
Baths:
MLS#:
MB24133490

ADDITIONAL INFORMATION

LIKE NO OTHER: Welcome to your new income producing property: This is a 3-unit property situated in one of the most desirable neighborhoods in Burbank: Equal parts Magnolia Park and Toluca Lake. Step into immediate cash flow, the front stand-alone SFR is occupied, at a rental rate of $4,200 and one of the NEWLY built rear attached units, is also occupied at $3,100, and bottom unit is now leased at $3,200. This is the ideal property for generating rental income or for a multi-generational living setup. Located in a prime Burbank location, this property is near highly rated schools, parks, studios, and shopping, offering convenience and a desirable lifestyle for all residents, while enjoying immediate walking distance of essential services, Trader Joe's, Whole Foods, Vons, world class sushi, and LA staples like Sweetgreen, Lemonade, Mendocino Farms, Hank's Deli, The Original Bob's Big Boy, and Riverside's Restaurant Row. It's also a short drive or walk to nearby Hollywood studios, Warner Bros Ranch Facilities. For all commuters, the access to all major connecting freeways is just minutes away. Everywhere you turn there is growth in this area, green lawns to your left and right, & ongoing new developments. You must add this property to your portfolio at only $767 per Sq Ft, wow 3 units with 3 addresses, this is the BEST DEAL for any Buyer that is looking to park their money in a safe long term sustainable City, like Burbank. Book your tour today!

Type:
Fourplex
Sq.Ft.:
3,224
Status:
Active
Beds:
n/a
Lot size:
0.27 Acres
Year built:
1944
Baths:
MLS#:
SR24132670

ADDITIONAL INFORMATION

This unique investment property is located on a desirable street in Burbank's Magnolia Park! It is located close to Verdugo Park and within walking distance to all the quaint shops, restaurants, and coffee shops on Magnolia Blvd. You won't want to miss it! The building features (4) two bed / one bath units, (2) two-car shared garages, cute patio areas for several units, plus a large backyard area for the rear unit. All units are tenant-occupied with strong rental income, so this is a perfect opportunity for an Investor who is looking for great tenants and a great property to invest in! This is a prime real estate opportunity!

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Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


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Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Burbank Real Estate

The median home value in Burbank, CA is $1,032,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Burbank, CA is $1,032,500. Approximately 40.02% of Burbank homes are owned, compared to 53.39% rented, while 6.6% are vacant. Burbank real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Burbank real estate agent to arrange a tour today!

Burbank, California has a population of 107,364. Burbank is less family-centric than the surrounding county with 30.12% of the households containing married families with children. The county average for households married with children is 30.99%.

The median household income in Burbank, California is $82,246. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Burbank is 39.5 years.

Burbank Weather

The average high temperature in July is 85.7 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 17.1 inches per year, with 0 inches of snow per year.

Burbank Real Estate Market Conditions

  • Median sales price

    $1,032,500
    13% change since last quarter
  • # Active listings

    242
    30-day change

Burbank Schools and Demographics

Education near Burbank, CA

Metric City County
High School Graduates 93.4 80.04
College Degree - 2 year 10.54 7.04
College Degree - 4 year 43.97 34.04
Graduate Degree 10.4 8
Expenditures per Student 17,429 17,429
Students per Teacher 21.9 21.9

Elementary Schools near Burbank, CA

School Grades Students P/T Ratio ZIP
Balboa Elementary School KG - 06 743 28.6 91201
Benjamin Franklin Elementary School KG - 06 636 24.5 91201
Bret Harte Elementary School KG - 05 676 29.4 91505
George Washington Elementary School KG - 05 465 21.6 91504
Joaquin Miller Elementary School KG - 05 738 27.9 91501
Providencia Elementary School KG - 05 376 26.9 91505
R. L. Stevenson Elementary KG - 05 572 26 91505
Ralph Emerson Elementary School KG - 05 596 27.1 91501
Theodore Roosevelt Elementary School KG - 05 633 28.8 91505
Thomas Edison Elementary School KG - 05 542 28.2 91506
Thomas Jefferson Elementary School KG - 05 749 29.4 91504
Thomas Jefferson Elementary School KG - 06 629 25.2 91201
Walt Disney Elementary School KG - 05 393 26.2 91506
William McKinley Elementary School KG - 05 452 28.3 91506

Middle Schools near Burbank, CA

School Grades Students P/T Ratio ZIP
David Starr Jordan Middle School 06 - 08 1,080 25.9 91506
John Muir Middle School 06 - 08 1,408 25.5 91504
Luther Burbank Middle School 06 - 08 1,102 24.4 91505

High Schools near Burbank, CA

School Grades Students P/T Ratio ZIP
Burbank High School 09 - 12 2,606 24.6 91502
Burroughs High School 09 - 12 2,649 24.5 91506

Ungraded Schools near Burbank, CA

School Grades Students P/T Ratio ZIP
* Burbank USD Community Day School 07 - 12 24 6 91502
* Monterey High (Continuation) School 09 - 12 170 16.7 91506
Burbank Unified Independent Learning Academy (Buila) UG - UG 0 91505
Horace Mann UG - UG 0 91504
Magnolia Park School 06 - 12 23 6.4 91505
Off Campus Learning Center 03 - 12 1 6 91505
Options for Youth-Burbank Charter School KG - 12 1,075 11.7 91506

Demographics near Burbank, CA

Metric City County
Neighborhood Type Inner City
Population 107,364 10,019,635
Population Density 6,201 2,469
Median Age 39.5 37
People per Household 2.5 2.9
Median Household Income 82,246 76,367
Average Income per Capita 47,905 37,924