Exceptional Investment Opportunity in the Heart of Burbank. This well-maintained 5-unit property features a desirable front owner's unit and a two-story rear building with four additional rental units. Amenities include five garage parking spaces, one uncovered parking spot, and an on-site laundry room, ideal for both tenant convenience and additional income potential. Perfectly located near Warner Bros. and NBC Studios and just 15 minutes from Universal Studios. The front unit is a prime candidate for Airbnb or short-term rentals, offering significantly higher revenue compared to traditional annual leasing. The property underwent extensive renovations in 2022 and 2023, including a new roof on units and garages and new dual-pane windows in most units (except one). The current leases remain in place through August 31, 2025, the owner unit's rent based on AirBNB income, at which time rents can be adjusted by California's rent control guidelines. Bonus income potential: The new owner can increase revenue through separate charges for garage parking and storage. With rent increases taking effect, coupled with low building expenses and minimal maintenance, this property has the potential to achieve a cap rate exceeding 5.5%.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
6/21/2025
|
|
YEAR BUILT
|
1941
|
COMMUNITY
|
610 - Burbank
|
|
GARAGE SPACES
|
5.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| APPLIANCES |
Disposal, Gas Range, Refrigerator, Washer/Dryer Stacked |
| AREA |
610 - Burbank |
| CONSTRUCTION |
Stucco |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Natural Gas |
| INTERIOR |
Crown Molding |
| LOT |
5689 sq ft |
| LOT DESCRIPTION |
Rectangular Lot |
| LOT DIMENSIONS |
52x110 |
| PARKING |
Garage, On Street |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
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Listed with Keller Williams Glendale
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/22/25 4:32 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2025.
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