325 E Verdugo Avenue, Burbank, CA 91502
- $2,072,000
- 8
- BD
- 8
- BA
- 4,856
- SqFt
- Sold Price
- $2,072,000
- List Price
- $1,800,000
- Closing Date
- May 03, 2024
- Status
- CLOSED
- MLS#
- 24364345
- Year Built
- 1954
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 4,856
- Lot Size
- 7,694
- Acres
- 0.18
- Days on Market
- 18
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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.
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Additional Information
- Heat
- Forced Air
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Gregory Shindler (Greg.Shindler@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Gregory Shindler from Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.