Burbank (610) Homes with Quadruplex Subtype

Burbank (610) Homes with Quadruplex Subtype

Welcome to Burbank, California, a vibrant city nestled in the heart of Los Angeles County, renowned for its rich entertainment heritage and inviting community atmosphere. Known as the "Media Capital of the World," Burbank is home to major studios such as Warner Bros. and Disney, making it a hub for creative professionals and those who appreciate the arts. With its picturesque parks, top-rated schools, and a variety of dining and shopping options, Burbank offers a perfect blend of suburban charm and urban convenience.

For those looking to invest in real estate, Burbank presents an exciting opportunity with its quadruplex homes. These unique properties are perfect for both seasoned investors and first-time buyers seeking to maximize their investment potential. A quadruplex consists of four separate units within a single building, allowing for multiple income streams while sharing the benefits of one location. This setup is ideal for those looking to house extended families or to capitalize on rental income in a city that continues to grow and attract new residents.

Living in a quadruplex in Burbank not only provides the chance to enjoy the comforts of home but also offers the advantage of community living. Residents can share amenities, foster neighborly relationships, and enjoy the advantages of a close-knit environment. With Burbank's appealing lifestyle, excellent public services, and proximity to major attractions, investing in a quadruplex here is not just a smart financial decision—it's a step toward becoming part of a thriving community. Discover the potential of quadruplex homes in Burbank today!

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.