706 E Verdugo Ave - Apartments FOR SALE


Burbank, CA 91501
$3,199,000 USD
747-271-1679
706 E Verdugo Ave, Burbank, CA for Sale
$3,199,000 USD
Apartments - FOR SALE
1/122
null | Request Cap Rate

706 E Verdugo Ave
Burbank, CA 91501


HIGHLIGHTS

  • 4 ADU's that are fully rented out
  • In unit laundry available in all units
  • Separate meters for payments
  • Solar panels on all units

OVERVIEW

Nestled in a highly desirable Burbank neighborhood, this rare investment opportunity features a front single-family home plus 4 additional ADUs, ideal for generating steady income. The main home offers 3 bedrooms, 2 bathrooms, and 1,251 square feet of living space, recently upgraded with modern touches such as wood flooring, recessed lighting, central AC and heating, and generous storage. The ADUs, each ranging from 802 to 860 square feet, are thoughtfully designed with 2 bedrooms, 2 bathrooms, in-unit laundry, and new appliances. To ensure low maintenance costs, all units are equipped with separate meters, including water sub-meters. Solar panels have been installed for the ADUs, with two units also featuring carport parking. Fully rented and income-producing, the property offers a total of 4,575 square feet of living space on a 7,183-square-foot lot. Located just a short distance from Kenneth Road, this property is a prime investment opportunity for those seeking a lucrative asset in a top-tier location.

FOR SALE DETAILS

PRICE

$3,199,000 USD

PRICE/SF

$699 USD /SF

# OF UNITS

5

PRICE/UNIT

$639,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

706 Verdugo Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

2455-008-017

ASK ABOUT THIS PROPERTY

Albert BabayanReal Estate People, IncMore Info
747-271-1679

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Albert BabayanReal Estate People, IncMore Info
747-271-1679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.