$3,195,000

Estimated payment $20,061/month

Total Views 894
14 Beds
14 Baths
5,854 Sq Ft
$546 Price per Sq Ft

Highlights

  • Open Floorplan
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Providencia Elementary School Rated A-
  • Neighborhood Views
  • 5-minute walk to Robert Gross Park

About This Home

Prime Burbank Multifamily Investment Opportunity! Located in one of Burbank's most desirable residential neighborhoods, this well maintained 9 unit apartment building offers approximately 5,584 square feet of living space and an attractive, diverse unit mix designed to appeal to a broad tenant base. The property consists of one studio unit, three 1 bedroom 1 bath units, four 2 bedroom 2 bath units, and one spacious 3 bedroom 2 bath unit, providing excellent rental stability and income potential. Constructed with a newer building design, the property features an attractive exterior, clean architectural lines, wide common access walkways, and a desirable layout. Many units offer bright and functional floor plans, spacious living areas, well appointed kitchens, generous bedrooms, and ample storage. Residents enjoy the convenience of 14 community parking spaces, a highly valuable amenity in today's rental market. Ideally situated near major employment centers, shopping, dining, entertainment, parks, and transportation options, this investment benefits from Burbank's strong rental demand and desirable community atmosphere. Whether you are seeking a stable income producing asset or a long term value add opportunity, this exceptional multifamily property offers the perfect combination of location, unit mix, parking, and investment potential.

Listing Agent

Raffi Soualian

JohnHart Real Estate Brokerage Phone: 818-464-5819 License #01887303 Listed on: 06/04/2026

JohnHart Real Estate

Co-Listing Agent

Taline Soualian

JohnHart Real Estate Brokerage Phone: 818-464-5819 License #01937721

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 6,744 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,854 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Carpet
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Mirrored Closets Doors
  • 14 Bathrooms

Parking

  • 14 Parking Spaces
  • Parking Available
  • Community Parking Structure

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 163
  • Tax Tract Number 9443
  • Assessor Parcel Number 2464006016

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $3,558
  • Gardener Expense $1,440
  • Insurance Expense $6,420
  • Other Expense $6,420
  • Pest Control $1,020
  • Trash Expense $7,740
  • Water Sewer Expense $3,558
  • New Taxes Expense $39,936
  • Operating Expense $54,452
  • Net Operating Income $191,716

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

6,744 Sq Ft Lot

Listing Details

  • CapRate: 5.60
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3558.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 2464006016
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Tile Counters
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 545.78
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Community Structure
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop, Gas Oven, Dishwasher
  • Heating Type: Wall Furnace
  • Pest Control Expense: 1020.00
  • Sewer: Public Sewer
  • Trash Expense: 7740.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6744.00
  • Lot Size Acres: 0.1548

Rental Info

  • Tenant Pays: Gas, Water, Electricity

Multi Family

  • Electric Expense: 3558.00
  • Gross Multiplier: 12.90
  • Gross Scheduled Income: 246168.00
  • Insurance Expense: 6420.00
  • Lot Size Area: 6744.0000 Square Feet
  • Net Operating Income: 191716.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 8
  • Number Of Units Total: 9
  • Number With Carpet: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Range: 9
  • Operating Expense: 54452.00
  • Other Expense: 6420.00
  • Other Expense Description: Internet
  • Rent Control: Yes
  • Total Actual Rent: 20514.00
  • Total Expenses: 54452.00

Tax Info

  • New Taxes Expense: 39936.00
  • Tax Lot: 163
  • Tax Tract Number: 9443

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $34,060 $2,971,381 $1,188,552 $1,782,829
2024 $33,027 $2,913,120 $1,165,248 $1,747,872
2023 $32,679 $2,856,000 $1,142,400 $1,713,600
2022 $31,215 $2,800,000 $1,120,000 $1,680,000
2021 $9,373 $763,911 $181,743 $582,168
2019 $9,020 $746,204 $176,353 $569,851
2018 $8,868 $731,671 $172,896 $558,775
2016 $8,348 $698,503 $166,183 $532,320
2015 $8,190 $688,012 $163,687 $524,325
2014 $8,225 $674,536 $160,481 $514,055
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2026 06/04/26 For Sale $3,195,000 +14.1% $546 / Sq Ft
10/19/2021 10/19/21 Sold $2,800,000 0.0% $478 / Sq Ft View Prior Sale
08/18/2021 08/18/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $2,800,000 -- $478 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD26122325

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.