$3,650,000
$100K PRICE DROP

Estimated payment $23,021/month

Total Views 1,347
16 Beds
12 Baths
7,874 Sq Ft
$464 Price per Sq Ft

Highlights

  • Gated Parking
  • Ralph Emerson Elementary School Rated A-
  • Controlled Entrance

About This Home

615 E. Magnolia Blvd. is an 11 unit multifamily property in a desirable Burbank location with steady rental demand, strong occupancy, and convenient access to nearby amenities. The building offers about 7,874 square feet of living space on a centrally located parcel near dining, parks, schools, and major entertainment employers. The property has street and alley access with gated entry and parking. There are 10 covered parking spaces and two uncovered. The roof was replaced in 2025. The unit mix includes five 2 bedroom units and six 1 bedroom units, several with balconies. The building has been family owned and maintained for more than 50 years and shows a long history of care and consistent performance. Laundry income provides an additional revenue source. The neighborhood offers a residential feel with close proximity to shopping, cafes, major roadways, and the Media District. Burbank continues to show reliable occupancy, strong tenant demand, and resilient rental trends. This 11 unit building is a strong opportunity for buyers seeking income stability, a well cared for asset, and long term positioning in one of the most durable markets in the San Fernando Valley.

Listing Agent

Nancy Sanborn

Berkshire Hathaway HomeServices California Properties License #00771096 Listed on: 01/05/2026

Berkshire Hathaway HomeServices California Properties

Co-Listing Agent

Brian Joy

Berkshire Hathaway HomeServices California Properties License #01324371

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,692 Sq Ft Lot

Interior Spaces

  • 7,874 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 12 Parking Spaces
  • 10 Covered Spaces
  • Covered Parking
  • Gated Parking
  • Controlled Entrance

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 2455-034-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7874
  • Lot Acreage: 0.1996
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 463.55

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 10
  • Parking Garage: Controlled Entrance, Covered Parking, Uncovered, Gated
  • Total Parking: 12

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 70.00
  • Assessed Improvement Value: 258860
  • Assessed Land Percent: 30
  • Assessed Land Value: 110926
  • Total Assessed Value: 369786
  • Assessor Parcel Number: 2455-034-013
  • Lot Size Area: 8692

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 13.12
  • Number Of Units: 11
  • Type Of Units: 11 Units

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/28/2026 01/28/26 Price Changed $3,650,000 -2.7% $464 / Sq Ft
01/05/2026 01/05/26 For Sale $3,750,000 0.0% $476 / Sq Ft
12/30/2025 12/30/25 Off Market $3,750,000 -- --
12/09/2025 12/09/25 For Sale $3,750,000 -- $476 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25626665

The MLS