
Burbank, California 91505
This 5-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well below the $1,756,442 Fair Market Value by 3%. This valuation gap offers $57,442 in Instant Equity. Featuring a Mint Condition Rating due to recent seismic retrofitting and high-end unit renovations, this asset provides stabilized cash flow in a prime Burbank rental corridor. With a desirable unit mix and Park/Greenbelt views, this is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a turnkey, income-producing asset.
Property is new construction or fully renovated.
While built in 1937, the property has undergone significant recent capital improvements including a soft-story seismic retrofit and a new roof. Interior photos show units with modern, high-end renovations (likely <5 years) featuring new stainless steel appliances, updated cabinetry, and stone-look flooring, meeting the criteria for mint condition.
The property has recently undergone a soft-story seismic retrofit and reroofing, significantly reducing immediate capital expenditure risks and enhancing structural compliance for the new owner.
The building features a desirable mix of three 2-bedroom units, one 1-bedroom, and a studio, providing broad tenant appeal and maximizing rental income potential in a competitive market.
Situated in a prime rental corridor near major entertainment studios and employment hubs, the property offers stabilized cash flow with significant long-term appreciation and rental upside.
Originally built in 1937, the property may require more frequent maintenance or future plumbing and electrical updates compared to newer multi-family developments.
With only one assigned parking space per unit, the property may be less competitive for multi-car households, particularly for the larger two-bedroom units.
Well-maintained 5-unit multifamily investment opportunity in a desirable Burbank rental corridor offering strong in-place income, attractive unit mix, and future upside potential. The property features a highly desirable mix of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio, providing broad tenant appeal and consistent occupancy. Current ownership has completed significant capital improvements, including a soft-story seismic retrofit and reroofing of the building, helping reduce future capital expenditure concerns for the next owner. Several units have also been substantially renovated during current ownership. Additional features include individually metered gas and electric, one assigned parking space per unit, on-site laundry facilities, and a manageable five-unit footprint ideal for both private investors and 1031 exchange buyers. Conveniently located near major employment centers, transportation corridors, shopping, dining, and entertainment, this is an opportunity to acquire a stabilized Southern California asset with dependable cash flow and meaningful long-term rental upside in one of the region's most sought-after rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,140 | 1,708 |
| Lot Size | 5,675 | 6,504 |
| Price | $1.70M | $1.31M |
| Price per sq ft | $541 | $856 |
| Built year | 1937 | 1947 |
| HOA | $0 | $0 |
| Days on market | 16 | 50 |
Jul 6, 2026
$1,699,000
Initial Listing
Jul 19, 2021
$1,641,000
Public Record