706 E Verdugo Avenue

Burbank, CA 91501

PRICE REDUCED

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-$50,000 (-1.54%)

$3,199,000

List Price

11

bed Beds

10

shower Baths

4,575 sqft

straighten / sqft

1920

calendar_month Built

Property Description

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 with plenty of room to potentially build a two-car carport in front of the house. 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.

Listing Information

List Price $3,199,000
Status Active
MLS GD24163946
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1920
Lot Size 7,185
Structure Size 4,575
DOM 53
Courtesy Of JohnHart Real Estate
Listing Agent Albert Babayan DRE#01012033
Co-Listing Agent Roubina Zargarian DRE#01235023

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 10
Flooring Information
Material Wood
Fireplace Information
Features Living Room
Additional Information
Additional Features Ceiling Fan(s), Recessed Lighting, Storage
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Features Patio

Maps

Listing information courtesy of: Albert Babayan, Roubina Zargarian, JohnHart Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 12:18 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.