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Listed by Seda Stepanyan • JohnHart Real Estate
$ 2,200,000
Est. payment | /mo
5,376 Sqft Lot
$ 2,200,000
Est. payment | /mo
5,376 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25114572
Year Built 1947
Lot Size 5,376 Sqft
Source California Regional MLS
Property Description
Roof replaced in 2024 with four years of prepaid maintenance included, plus brand-new flooring installed in all units - this turn-key Burbank multi-family property is ready for your portfolio. This well-maintained five-unit building blends long-term stability with real upside. Featuring two updated 2-bedroom units (one with 1 bath, one with 1.5) and three 1-bedroom, 1-bath units, the property offers a strong income stream from fully occupied units - four on flexible month-to-month terms and one under lease. Recent capital improvements and steady tenant demand make this a low-maintenance, high-potential investment in a prime Burbank location. Each unit includes garage parking (one rented separately for added income), with window A/C, double security doors, and professionally managed laundry services on-site. Located in the heart of Magnolia Park, tenants enjoy walking access to Warner Bros., Disney, local shops, top-rated schools, and the Chandler Bike Path - a major draw for renters seeking convenience, charm, and community. Whether you're looking to hold, improve rents, or explore future redevelopment, this is a rare chance to own a cash-flowing asset in one of Burbank's most sought-after neighborhoods.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Central Forced Air
Cooling Window / Wall Unit
Flooring Laminate
Laundry In Garage, Laundry Area, Other, Washer/Dryer - Leased
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 2438018028
Special Listing Condition Not Applicable
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Ben Dodge
REALTOR® | Lic# DRE 01959374