NOT LISTED FOR SALE

325 E Verdugo Ave Burbank, CA 91502

Downtown Burbank Neighborhood
8 Beds
8 Baths
4,856 Sq Ft
7,694 Sq Ft Lot

Last Sold May 03, 2024

Last sale price $2,072,000 $427 Per Sq Ft

19 Days on Market

Highlights

  • Laundry Room
  • Joaquin Miller Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of May 2024

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.

Last Agent to Sell the Property

Greg Shindler

Marcus & Millichap License #02083460 Listed on: 03/11/2024

Last Buyer's Agent

Greg Shindler

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4856
  • Lot Acreage: 0.1766
  • Lot Dimensions: 50x155
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Room
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 370.68

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 376651
  • Assessed Land Percent: 40
  • Assessed Land Value: 251089
  • Total Assessed Value: 627740
  • Assessor Parcel Number: 2453-021-009
  • Lot Size Area: 7694

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.83
  • Number Of Units: 8
  • Total Annual Expense: 49961
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Shindler

    Seller's Agent in 2024

    Greg Shindler

    Marcus & Millichap

    (310) 903-7667

    1 in this area

    4 Total Sales

    Greg Shindler
    Section Image
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Map

Source: The MLS

MLS Number: 24-364345

The MLS
California Los Angeles County Burbank 91502 Downtown Burbank

325 E Verdugo Ave, Burbank, CA

This home is located at 325 E Verdugo Ave, Burbank, CA 91502 since 11 March 2024. This property was built in 1954. 325 E Verdugo Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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