Burbank (610) Homes with Quadruplex Subtype

Burbank (610) Homes with Quadruplex Subtype

Welcome to Burbank, California – a vibrant community nestled in the heart of Los Angeles County. Known for its rich entertainment history and charming neighborhoods, Burbank offers a unique blend of urban convenience and suburban tranquility. With its close proximity to Hollywood, residents enjoy easy access to a plethora of cultural attractions, shopping, and dining options. The region boasts a mild Mediterranean climate, making it an ideal place for year-round outdoor activities, from hiking in the nearby Verdugo Mountains to enjoying leisurely strolls in its many parks.

For those looking to invest in real estate, Burbank presents an exciting opportunity with its quadruplex homes. These multi-family properties not only provide a unique living arrangement but also offer excellent investment potential. A quadruplex typically consists of four separate units, allowing for multiple streams of rental income. This makes it a smart choice for both seasoned investors and first-time buyers looking to enter the rental market.

The quadruplex homes in Burbank are often characterized by their spacious layouts, modern amenities, and attractive curb appeal. Many properties are conveniently located near schools, public transportation, and local attractions, making them desirable for renters. With Burbank's strong rental demand fueled by its thriving economy and entertainment industry, investing in a quadruplex here can be a rewarding venture.

Whether you're looking to live in one unit and rent out the others or seeking a solid investment opportunity, Burbank's quadruplex homes offer the perfect blend of comfort, community, and financial potential. Embrace the charm of Burbank and explore the possibilities that await you in this dynamic region!

Newest Burbank (610) Homes with Quadruplex Subtype

$1,595,000
SR26147163 MLS Active Status
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.

210 W Spazier, Burbank

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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.