615 E Magnolia Boulevard, Burbank, CA 91501
- $3,000,000
- 16
- BD
- 12
- BA
- 7,874
- SqFt
- Sold Price
- $3,000,000
- List Price
- $3,495,000
- Closing Date
- May 12, 2026
- Status
- CLOSED
- MLS#
- 25626665
- Year Built
- 1962
- Bedrooms
- 16
- Bathrooms
- 12
- Living Sq. Ft
- 7,874
- Lot Size
- 8,692
- Acres
- 0.20
- Days on Market
- 86
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 11
Listing courtesy of Listing Agent: Nancy Sanborn (info@sanbornteam.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
Listing sold by Koko Polosajian from Standard Home Realty
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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.