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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$4,500,000

Est. payment - /mo

3 Beds

3 Baths

8,550 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26146282

Bedrooms 3

Lot Size 8,550 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

First time on the market in nearly 25 years. Verdugo Apartments is a 13-unit multifamily property located in a prime Burbank location north of Glenoaks Blvd. The property features ten 1-bedroom/1-bathroom units and three 2-bedroom/2-bathroom units totaling 9,106 square feet on an 8,548 square foot lot. Built in 1966, the property offers tuck-under parking and on-site laundry facilities. Long-term ownership has maintained the property with exceptional care, including a new roof installed in 2022 and upgraded windows throughout. These significant improvements enhance the property's overall condition and reduce near-term capital improvement needs. Current rental income is approximately $26,670 per month, with rents below prevailing market levels, providing potential for future income growth through natural tenant turnover without requiring an extensive renovation program. Burbank is widely recognized as the "Media Capital of the World" and is home to major entertainment companies including Disney Studios, DreamWorks Animation, Warner Bros. Studios, Universal Studios, and Nickelodeon Studios nearby. The property is conveniently located near Burbank Town Center, Downtown Burbank, shopping, dining, entertainment, and major employment centers.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Travel on GlenOaks Blvd and head East on Verdugo Ave

Interior

Heating Forced Air Unit

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 2455006015

Acceptable Financing Cash

Listing Terms Cash

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Listed by Liza Valayati, DRE#02113813 Valiant Multi-Family Group

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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528 E Verdugo Burbank, CA 91501

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information