325 Verdugo Avenue

Burbank, CA 91502

$1,800,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $370 / sqft

1954

calendar_month Built

Property Description

Pleased to present 325 E Verdugo Ave, an 8 unit apartment building located in Burbank, CA. Built in 1954, this property consists of one (1) Bachelors unit, six (6) 1 Bedroom +1 Bathroom units, (1) 2 Bedroom + 1 Bathroom unit. The building is 4,856 gross square feet and sits on a 7,692 square foot lot that is BUR4 zoned.From the moment you set eyes on it, the seller's meticulous care for this property is evident. Situated on a picturesque, well-maintained street just steps from Downtown Burbank, residents will enjoy easy access to employment opportunities at renowned media institutions like Warner Bros Studios, Walt Disney Studios, and Universal Studios. Additionally, 325 E Verdugo Ave is conveniently close to popular dining spots and the Burbank Town Center.This prime location offers tenants immediate access to the 134 and 5 Freeways, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 325 E Verdugo Ave presents a compelling value-add opportunity for investors. Priced attractively at $225,000 per unit with a 15.83 Gross Rent Multiplier (GRM), this property is poised to deliver excellent returns.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 325 Verdugo Avenue
City Burbank
State CA
Zip 91502
County Los Angeles
Listing Agent Gregory Shindler DRE#02083460
Courtesy Of Marcus & Millichap
MLS 24364345
List Price $1,800,000
Status Pending
Type Residential Income
Structure Size N/A
Lot Size 7,694
Year Built 1954
DOM 19

Exterior Information

Maps

Listing information courtesy of: Gregory Shindler, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 30th, 2024 at 7:12 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.