$2,950,000
$200K PRICE DROP

Estimated payment $16,063/month

Total Views 17,461
11 Beds
12 Baths
5,072 Sq Ft
$582 Price per Sq Ft

Highlights

  • Lawn
  • Walt Disney Elementary School Rated A
  • Laundry Room

About This Home

Location! Location! Location! Proud to offer this 7-unit apartment building located in highly desirable rental market of Burbank known as the media capital of the world. The building consists of (5) 2-bedroom, 1.5-bathroom units, (1) 1-bedroom, 1-bathroom units, and (1) studio, 1-bathroom. Each unit comes with designated parking spot. The building has been well maintained by a long term owner. Community laundry machines belong to the owner and provide an additional cash income. Two units on the second floor come with balconies, including spacious front balcony with the street view. Two first floor units include patios. Crawling space under the building provides for an easy maintenance access.
Burbank is a home to Disney Studios, Warner Brothers, and NBC. The city has great restaurants, variety of shopping stores and top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. Motivated Seller! Bring your Offer!

Listing Agent

Vilena Baranova

VB Funding Brokerage Phone: 747-243-3347 License #01771738 Listed on: 04/07/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 6,853 Sq Ft Lot
  • No Common Walls
  • Lawn

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,072 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 12 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 5695
  • Assessor Parcel Number 2451019018
  • $960 per year additional tax assessments

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $459
  • Fuel Expense $1,667
  • Gardener Expense $1,920
  • Insurance Expense $3,580
  • Maintenance Expense $2,500
  • Pest Control $480
  • Trash Expense $2,427
  • Water Sewer Expense $2,005
  • Operating Expense $15,128
  • Gross Income $157,162
  • Net Operating Income $156,812

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2005.00
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 2451019018
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 581.62

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 2427.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6853.00
  • Lot Size Acres: 0.1573

Multi Family

  • Electric Expense: 459.00
  • Fuel Expense: 1667.00
  • Gross Income: 157162.00
  • Gross Scheduled Income: 170940.00
  • Insurance Expense: 3580.00
  • Laundry Income: 350.00
  • Lot Size Area: 6853.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 156812.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 14128.00
  • Rent Control: No
  • Total Expenses: 15128.00

Tax Info

  • Tax Census Tract: 3118.02
  • Tax Lot: 18
  • Tax Tract Number: 5695
  • TaxOtherAnnualAssessmentAmount: 960.00

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

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 $8,930 $738,330 $241,083 $497,247
2024 $8,930 $723,854 $236,356 $487,498
2023 $8,844 $709,662 $231,722 $477,940
2022 $8,472 $695,748 $227,179 $468,569
2021 $8,415 $682,107 $222,725 $459,382
2019 $8,100 $664,127 $216,120 $448,007
2018 $7,930 $651,150 $211,883 $439,267
2016 $7,463 $623,705 $203,656 $420,049
2015 $7,322 $614,337 $200,597 $413,740
2014 $7,346 $602,304 $196,668 $405,636
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2025 06/02/25 Price Changed $2,950,000 -5.6% $582 / Sq Ft
05/15/2025 05/15/25 Price Changed $3,125,000 -0.8% $616 / Sq Ft
04/07/2025 04/07/25 For Sale $3,150,000 0.0% $621 / Sq Ft
06/24/2023 06/24/23 Price Changed $2,499 -3.9% $3 / Sq Ft
06/24/2023 06/24/23 Price Changed $2,600 0.0% $3 / Sq Ft
06/22/2023 06/22/23 For Rent $2,600 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25075327

California Regional Multiple Listing Service (CRMLS)