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Nicole Hazelton-Meacham

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

$1,499,000

Est. payment - /mo

6 Beds

3 Baths

10,870 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 SR26148082

Bedrooms 6

Lot Size 10,870 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

A remarkable investment opportunity awaits at 508 N. Rosemary Lane in the highly sought-after Magnolia Park neighborhood of Burbank. This well-maintained triplex offers an exceptional combination of prime location, desirable unit mix, and strong income-generating potential, making it an ideal long-term hold or owner-user opportunity with meaningful rental income. Each of the three units features 2 Bedrooms and 1 Bathroom, along with separate utility meters and convenient in-unit laundryhighly desirable features for todays rental market. The units have been tastefully remodeled over the past 10 years and thoughtfully maintained, providing attractive living spaces with solid cash flow. Additional property highlights include a shared 2-car garage plus a separate 1-car garage, all with alley access, along with important system upgrades including a newer roof, upgraded electrical panel, and re-lined sewer. The location further strengthens the investment profile, situated directly across from Verdugo Park and Aquatic Facility, offering tennis courts, playgrounds, picnic areas, and the Mary Alvord Recreation Center. Just a short stroll away, The Ranch at Hollywood & Verdugo provides convenient dining and shopping options, while nearby Burbank schools and major entertainment studios add to the areas lasting tenant appeal. With a proven history of rental demand, strong neighborhood fundamentals, and versatile income potential, this is a rare opportunity to own a highly rentable multi-residential asset in one of Burbanks most desirable locations.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Verdugo & Buena Vista

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 2480025003

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Listed by Mario Acosta, DRE#01328908 Berkshire Hathaway HomeServices California Properties

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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508 N Rosemary Lane Burbank, CA 91505

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information