David Nalbandyan
LA Premier Realty
(747) 277-0134
78 Total Sales
1 in Downtown Burbank
$1,350,000 Price
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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Burbank, CA
-
David Nalbandyan
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
14 Total Sales
1 in Downtown Burbank
$819,000 Price
-
Jerry Linney
Jerry Linney
First Team Real Estate
(619) 773-0841
59 Total Sales
1 in Downtown Burbank
$1,100,000 Price
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
50 Total Sales
2 in Downtown Burbank
$670,000 Price Range
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
166 Total Sales
1 in Downtown Burbank
$1,680,000 Price
-
Amy Engler
Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
58 Total Sales
1 in Downtown Burbank
$615,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,072,000 | Old Republic Title Company | ||
| 2008 David Whitehead Revocable Trust | -- | -- | |
| Whitehead David A | -- | None Available | |
| Whitehead Carmen | -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,600,000 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $24,437 | $2,155,708 | $1,293,217 | $862,491 |
| 2025 | $24,437 | $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
Seller's Agent in 2024
Greg Shindler
Marcus & Millichap
(310) 903-7667
1 in this area
5 Total Sales
Map
Source: The MLS
MLS Number: 24-364345
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© 2026 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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