Burbank, CA 91502,325 E Verdugo AVE
Burbank, CA 91502,325 E Verdugo AVE
Burbank, CA 91502,325 E Verdugo AVE
Burbank, CA 91502,325 E Verdugo AVE
Burbank, CA 91502,325 E Verdugo AVE
Burbank, CA 91502,325 E Verdugo AVE
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$2,072,000

$1,800,000

15.1%
Est.Price: ?

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Est. payment /mo

8 Beds

8 Baths

4,856 SqFt


SOLD DATE : 05/03/2024

Key Details

Sold Price $2,072,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,856 sqft

Price per Sqft $426

MLS Listing ID 24364345

Sold Date 05/03/24

Bedrooms 8

HOA Y/N No

Year Built 1954

Lot Size 7,692 Sqft

Property Description

Pleased to present 325 E Verdugo Ave, an 8 unit apartment building located in Burbank, CA. Built in 1954, this property consists of one (1) Bachelors unit, six (6) 1 Bedroom +1 Bathroom units, (1) 2 Bedroom + 1 Bathroom unit. The building is 4,856 gross square feet and sits on a 7,692 square foot lot that is BUR4 zoned.From the moment you set eyes on it, the seller's meticulous care for this property is evident. Situated on a picturesque, well-maintained street just steps from Downtown Burbank, residents will enjoy easy access to employment opportunities at renowned media institutions like Warner Bros Studios, Walt Disney Studios, and Universal Studios. Additionally, 325 E Verdugo Ave is conveniently close to popular dining spots and the Burbank Town Center.This prime location offers tenants immediate access to the 134 and 5 Freeways, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 325 E Verdugo Ave presents a compelling value-add opportunity for investors. Priced attractively at $225,000 per unit with a 15.83 Gross Rent Multiplier (GRM), this property is poised to deliver excellent returns.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Forced Air

Fireplace No

Laundry Laundry Room

Exterior

Garage None

Parking Type None

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2453021009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gregory Shindler • Marcus & Millichap
Bought with Gregory Shindler • Marcus & Millichap
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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