Seller's Agent in 2024
Greg Shindler
Marcus & Millichap
(310) 903-7667
1 in this area
4 Total Sales
325 E Verdugo Ave Burbank, CA 91502
Downtown Burbank Neighborhood
8
Beds
8
Baths
4,856
Sq Ft
7,694
Sq Ft Lot
Highlights
- Laundry Room
- Joaquin Miller Elementary School Rated A-
- Forced Air Heating System
About This Home
As of May 2024Pleased 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.
Last Agent to Sell the Property
Marcus & Millichap License #02083460 Listed on: 03/11/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 7,694 Sq Ft Lot
- Lot Dimensions are 50x155
Parking
- 8 Parking Spaces
Interior Spaces
- 4,856 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 2453-021-009
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2024 05/03/24 | Sold | $2,072,000 | +15.1% | $427 / Sq Ft |
| 03/30/2024 03/30/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $1,800,000 | -- | $371 / Sq Ft |
Source: The MLS
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 | $7,935 | $2,113,440 | $1,267,860 | $845,580 |
| 2024 | $7,935 | $640,294 | $256,110 | $384,184 |
| 2023 | $7,859 | $627,740 | $251,089 | $376,651 |
| 2022 | $7,530 | $615,432 | $246,166 | $369,266 |
| 2021 | $7,476 | $603,366 | $241,340 | $362,026 |
| 2019 | $7,197 | $588,072 | $234,183 | $353,889 |
| 2018 | $7,109 | $576,593 | $229,592 | $347,001 |
| 2016 | $6,684 | $551,707 | $220,678 | $331,029 |
| 2015 | $6,560 | $543,421 | $217,364 | $326,057 |
| 2014 | $6,594 | $532,777 | $213,107 | $319,670 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Shindler
Map
Source: The MLS
MLS Number: 24-364345
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