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$1,595,000
SR26147163 MLS ⋅ Active Status
Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, interior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer pro forma cap rate of approximately 5.7% (buyer to verify). Situated on a generous 7,748 SF lot with potential future expansion or redevelopment opportunities (buyer to verify with the City of Burbank), this is an exceptional opportunity to acquire a quality investment property in one of Burbank's most sought-after rental neighborhoods.

210 W Spazier, Burbank
$519,000
2 Beds ⋅ 2 Baths ⋅ P1-27509 MLS ⋅ Active Status
Welcome to this light and bright condominium located in a desirable Burbank neighborhood. Built in 1964, this well-maintained ground-floor unit offers 884 square feet of comfortable living space with 2 bedrooms and 13/4 bathrooms.The updated kitchen features granite countertops, tile backsplash, stainless steel sink, electric range, new dishwasher, and new refrigerator. Adjacent to the kitchen is a dining area with a ceiling fan, creating a comfortable space for everyday dining and entertaining.Additional features include wall air conditioning, abundant storage throughout, and a functional floor plan designed for comfortable living.The property includes one assigned parking space in a gated carport beneath the building and access to community laundry facilities.The HOA dues are $290 per month and include water, trash service, and maintenance of the common areas. A seismic retrofit project is currently in progress, and the seller will pay the special assessment associated with the retrofit.Conveniently located near shopping, dining, entertainment, and transportation, this condominium offers an excellent opportunity to enjoy all that Burbank has to offer.

630 E Orange Grove Avenue Unit A, Burbank
$1,649,000
BB26088451 MLS ⋅ Active Status
Price Reduced !! Desirable 3 Units - Above Glenoaks Blvd! Property is well known for its character and its ideal location of being at the tail end of East Avenue and spanning over to Cornell - just above Glenoaks. Fitting in perfectly among the single family home area of Burbank Hills. Close to schools, shopping, restaurants, freeway and all Burbank has to offer. Landscaping consist of flowering seasonal trees, palm trees, and grassy areas for that real well kept "homey" feeling rather than just another apartment building. 1120 and 1122 East Avenue is 2 story. Both bottom an upstairs units consist of 1 Bedroom, 1 Bath, hardwood flooring, plenty of natural light with shared grassy yard on the side of property. 406 Cornell is 1 story consisting of 2 bedrooms and 1 bath, hardwood flooring thru-out, comfortable floor plan with French door access to a private 26 foot front balcony above garages and a cement patio in rear. All units have wall heaters and window/wall A/C units, UPGRADES consist of new 3 year old fully replaced roof, replaced windows and doors, copper plumbing, kitchens have refaced cabinets. Each unit comes with a 1 car garage and parking space in front of garage on curved stone paver driveway. There is also a common coin-op laundry room plus utility sink for all tenants convenience. A true Burbank gem.

1120 East Avenue, Burbank

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.