606 E Cypress Ave Burbank, CA 91501
Hillside District NeighborhoodEstimated payment $18,984/month
Highlights
- Golf Course Community
- Property is near a clubhouse
- No HOA
- Ralph Emerson Elementary School Rated A-
- Wood Flooring
- Hiking Trails
About This Home
Prime 5-Unit Apartment Building in the Heart of Burbank – Ideal Investment Opportunity!
Welcome to this exceptional 5-unit property located above Glenoaks Blvd. in the city of Burbank. All five units were fully renovated from top to bottom in 2024.
The building features three 1-bedroom/1-bath units and two 2-bedroom/2-bath units. Recent upgrades include a brand-new roof (2024), new windows, central AC and heating, wood flooring, and modern kitchens with all new appliances. Each unit is also equipped with in-unit laundry for added convenience. A major expense has also been completed to comply with the new garage retrofit and seismic reinforcement law, providing long-term security and peace of mind for the new owner.
Situated in the media capital of the world, Burbank residents enjoy top-rated schools, abundant parks and recreation, scenic hiking trails, the charming Chandler Bike Path, as well as a variety of trendy shops and restaurants.
Don’t miss this rare opportunity to own a fully renovated investment property in one of the most desirable cities in Los Angeles!
Listing Agent
Equity Union Brokerage Phone: 818-434-6429 License #01257621 Listed on: 08/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 7,611 Sq Ft Lot
- Two or More Common Walls
Parking
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,536 Sq Ft Home
- 1-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Property is near a clubhouse
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 18 / 21
- Tax Tract Number 8429
- Assessor Parcel Number 2455039011
- $813 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Foothills
Recreation
- Golf Course Community
- Dog Park
- Hiking Trails
- Bike Trail
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Gardener Expense $1,200
- Insurance Expense $11,000
- Water Sewer Expense $1,200
- New Taxes Expense $37,500
- Operating Expense $52,100
- Gross Income $179,400
- Net Operating Income $127,300
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $3,000,000 | +100.0% | $848 / Sq Ft |
| 11/20/2023 11/20/23 | Sold | $1,500,000 | -4.4% | $451 / Sq Ft |
| 09/25/2023 09/25/23 | For Sale | $1,569,000 | -- | $472 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25192748
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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