
Burbank, California 91502
This Quadruplex Investment Asset represents a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,725,221 Fair Market Value by 7%. This valuation gap offers $130,221 in Instant Equity. Featuring a Condition Rating of 3, the property includes updated interiors, new sewer lines, and private laundry facilities. With stable income from four units and detached garages, this is a prime acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a well-maintained, income-generating property in a high-demand Burbank location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 210 W Spazier Subject | $1,595,000* List Price | 0 | 0 | 2,492 | $692 | - |
A 167 W Ash Active | $1,250,000 List Price | 0 | 0 | 1,658 | $754 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1949, the property is well-maintained with updated unit interiors featuring granite countertops, tile flooring, and functional appliances consistent with a 10-20 year old renovation. Key systems like the sewer line have been updated, and the units are move-in ready and fully occupied, meeting the criteria for functional, well-maintained rental housing.
Situated on a quiet dead-end street in the heart of Burbank near major studios and transit, ensuring high rental demand and historically low vacancy rates.
Beyond unit rents, the property generates additional income through four detached garages and a storage shed, maximizing the return on the 7,748 SF lot.
Features significant upgrades including updated interiors, a new sewer line, and individual laundry facilities for all units, reducing immediate maintenance concerns for a new owner.
With long-term month-to-month tenants in place, reaching the projected 5.7% pro forma cap rate may require navigating local rent regulations and turnover.
Originally constructed in 1949, the property may require ongoing capital expenditures for aging systems not covered by recent cosmetic or sewer updates.
Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, interior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer pro forma cap rate of approximately 5.7% (buyer to verify). Situated on a generous 7,748 SF lot with potential future expansion or redevelopment opportunities (buyer to verify with the City of Burbank), this is an exceptional opportunity to acquire a quality investment property in one of Burbank's most sought-after rental neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,492 | 2,060 |
| Lot Size | 7,758 | 7,096 |
| Price | $1.59M | $1.35M |
| Price per sq ft | $640 | $599 |
| Built year | 1949 | 1956 |
| HOA | $0 | $0 |
| Days on market | 15 | 79 |
Jul 7, 2026
$1,595,000
Initial Listing