$1,899,000
$76K PRICE DROP

Estimated payment $11,823/month

Total Views 4,169
6 Beds
3 Baths
3,094 Sq Ft
$614 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 3 Car Garage
  • R. L. Stevenson Elementary School Rated A
  • Laundry Room

About This Home

3815 W Heffron Dr is a rare, character-rich triplex in the heart of Burbank. Each of the three units offers a private yard or patio, creating a warm, inviting atmosphere that truly feels like home. The property has been meticulously maintained, from its painted walkway to the immaculate interiors and lush outdoor spaces. Three detached garages provide secure parking and offer incredible potential for ADU conversion—the entire footprint of each garage can be utilized, presenting a major value-add opportunity. With its charm, flexibility, and upside, this is a property that truly stands out.The building is 33% leased, giving the new owner flexibility to set market rents or move in! With a current cap rate of 4.46% and a pro forma of 5.02%, this investment has strong upside. Located minutes from Disney, Warner Bros., NBC, and Universal Studios, and nestled beside Toluca Lake, it offers unbeatable access to top restaurants, Whole Foods, boutique shopping, and Griffith Park. 3815 W Heffron Dr is a standout opportunity in one of Burbank's most desirable neighborhoods—don’t miss your chance to own this rare gem!

Listing Agent

Nicholas Dowell

Myunits.com Inc. Brokerage Phone: 213-302-8515 License #02063008 Listed on: 05/03/2025

Co-Listing Agent

Michael Moran

Myunits.com Inc. Brokerage Phone: 213-302-8515 License #01762038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,105

Year Built

  • Built in 1951

Lot Details

  • 6,298 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 3,094 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 201
  • Tax Tract Number 10141
  • Assessor Parcel Number 2482010002

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $2,166
  • Water Sewer Expense $480
  • New Taxes Expense $20,842
  • Operating Expense $25,887
  • Gross Income $112,800
  • Net Operating Income $84,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,105

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.46
  • Price Per Unit: 633000
  • Property Attached: Yes
  • Water Sewer Expenses: 480.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2482010002
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Side
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 613.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Electric: Standard
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6298.00
  • Lot Size Acres: 0.1446
  • Latitude Manual: 34.15555700

Multi Family

  • Gross Income: 112800.00
  • Gross Multiplier: 16.84
  • Gross Operating Income: 110544.00
  • Gross Scheduled Income: 112800.00
  • Insurance Expense: 2166.00
  • Lot Size Area: 6298.0000 Square Feet
  • Net Operating Income: 84657.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 3
  • Number With Patio: 3
  • Number With Refrigerator: 3
  • Operating Expense: 25887.00
  • Rent Control: Yes
  • Total Expenses: 25887.00
  • Vacancy Allowance: 2256
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 20842.00
  • Tax Area: 2530
  • Tax Lot: 201
  • Tax Tract Number: 10141

Map

Range of Values:

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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 $17,105 $1,560,600 $936,360 $624,240
2024 $17,105 $1,530,000 $918,000 $612,000
2023 $16,922 $1,500,000 $900,000 $600,000
2022 $3,313 $271,990 $64,844 $207,146
2021 $3,281 $266,658 $63,573 $203,085
2019 $3,156 $258,751 $61,689 $197,062
2018 $3,059 $253,679 $60,480 $193,199
2017 $2,997 $248,706 $59,295 $189,411
2016 $2,875 $243,831 $58,133 $185,698
2015 $2,745 $240,169 $57,260 $182,909
2014 $2,756 $235,466 $56,139 $179,327
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Price Changed $1,899,000 -3.8% $614 / Sq Ft
05/03/2025 05/03/25 For Sale $1,975,000 -- $638 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Individual Deed -- --
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB25098081

California Regional Multiple Listing Service (CRMLS)

APN: 2482-010-002