1101 East Avenue, Burbank, California 91504, Burbank, 91504 - 0 bed, 0 bath
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Burbank, California 91504
Analysis of 1101 East Avenue, Burbank, California 91504 is currently available with a list price of $7,500,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2009, the property is approximately 17 years old, placing it firmly in the 'Good' category. The interior is well-maintained and turnkey with functional granite countertops, stainless-steel appliances, and tankless water heaters. While the cabinetry and finishes reflect the original 2009 construction style rather than a modern renovation, the units are move-in ready with no immediate maintenance required.
The property features 10 individually parceled condominiums with separate tax IDs, providing the owner the unique flexibility to either operate the building as a luxury rental portfolio or sell off units individually for a potential capital gain.
Built in 2009, the units are equipped with high-end finishes including granite countertops, stainless steel appliances, gas fireplaces, and individual tankless water heaters, significantly reducing the need for immediate capital expenditures.
The building offers a high standard of living with gated entrance and parking, private balconies for every unit, and a wheelchair lift from the garage, making it highly competitive in the Burbank rental or resale market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 15535, other record living area = 1770.
Managing 10 separate condo titles and maintaining compliance with HOA, CC&Rs, and specific condominium documentation creates a higher administrative burden compared to a standard multi-family apartment building.
The property is subject to California’s AB 1482 and local 'soft cap' ordinances, which limit annual rent increases and may impact the speed at which an investor can achieve market-rate yields.
“Villa Bonita Condominiums” are a pride of ownership, turnkey, two story over parking, 10-unit condominium building. Constructed in 2009 with a flat, rolled composition shingled roof, some pitched concrete tile shingles, and a concrete pier foundation. The “Villa Bonita Condominiums” are 10 individually parceled condominiums that are currently rented to individual tenants. With 10 separate tax ID’s, a new owner can either continue to operate the project in its current form or sell the individual units as condos in the future. Operating as 1101 East Avenue Association, these fully completed condominium units are all owned by the current owner and rented individually. Seller to provide all HOA, CC&R, Bylaws, Certification of completion, White-Slip Condo docs and any other pertinent recorded documents. Buyer to perform its own investigations during the contingency period and make independent verifications and approvals. Amenities: Luxury units, built as condominiums. High end finishes and stainless-steel appliances, including dishwashers. Granite counters, laminate flooring in common areas, carpeted bedrooms. All units have a patio or balcony; gas fireplace; and washer dryers in the unit. Additionally, all units are equipped with individual tankless-water heaters. Tenants enjoy gated entrance and parking. There is a wheelchair lift from the parking garage to the first floor. Rent Control: As of early 2026, the City of Burbank does not have traditional rent control but operates under state law (AB 1482) and local "soft cap" ordinances.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 14% |
| Baths | 0.0 | 3.0 | 14% |
| Square foot | 15,535 | 1,244 | 86% |
| Lot Size | 17,905 | 211,092 | 14% |
| Price | $7.50M | $660.0K | 86% |
| Price per sq ft | $483 | $500 | 43% |
| Built year | 2009 | 1978 | 86% |
| HOA | $0 | $850 | 14% |
| Days on market | 24 | 102 | 14% |
May 13, 2026
$7,500,000
Initial Listing
Jan 10, 2024
$6,900,000
Public Record