528 E Verdugo Burbank, CA 91501
8,550 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26146282
HOA Y/N No
Year Built 1966
Lot Size 8,550 Sqft
Property Sub-Type Apartment
Property Description
Long-term ownership has maintained the property with exceptional care, including a new roof installed in 2022 and upgraded windows throughout. These significant improvements enhance the property's overall condition and reduce near-term capital improvement needs. Current rental income is approximately $26,670 per month, with rents below prevailing market levels, providing potential for future income growth through natural tenant turnover without requiring an extensive renovation program.
Burbank is widely recognized as the "Media Capital of the World" and is home to major entertainment companies including Disney Studios, DreamWorks Animation, Warner Bros. Studios, Universal Studios, and Nickelodeon Studios nearby. The property is conveniently located near Burbank Town Center, Downtown Burbank, shopping, dining, entertainment, and major employment centers.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Range, Refrigerator
Laundry Common Area
Exterior
Pool None
Community Features Park, Suburban, Sidewalks
Utilities Available Sewer Available
Roof Type Flat
Total Parking Spaces 13
Private Pool No
Building
Lot Description 11-15 Units/Acre, Landscaped
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2455006015
Energy Description 4220.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
