This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
325 E Verdugo Ave, Burbank, CA 91502
$2,072,000
325 E Verdugo Ave, Burbank, CA 91502View this property at 325 E Verdugo Ave, Burbank, CA 91502
325 E Verdugo AveBurbankCA91502
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
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.
Full Property Details
Full Property Details for 325 E Verdugo Ave
General
- Sold For: $2,072,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-364345
- Added to Site: 84 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Room
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Burbank
- County: Los Angeles
- Driving Directions: Just west of Glenoaks Blvd on Verdugo Ave
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 4,856
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1954
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1766
- Lot Size: 7694
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 50 x 155
- Zoning: BUR4*
Financial Considerations
- Price Per Sq. Ft.: $370.68
- Assessment Year: 1954
Disclosures and Reports
- Disclosures/Reports: None
- APN: 2453-021-009
Listed and Sold by Marcus & Millichap, Gregory Shindler
Get Pre-Approved Today
Schools
Schools serving 325 E Verdugo Ave
School District:Burbank Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
720 E Providencia Ave, Burbank, CA 91501 | K-5 | 0.4 mi | |
1111 N Kenneth Rd, Burbank, CA 91504 | 6-8 | 1.1 mi | |
902 N 3rd St, Burbank, CA 91502 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 325 E Verdugo Ave
Date
Details
Price
Change
Source
5/03/2024
Sold
$2,072,000
15.11%
MLS
3/11/2024
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
325 E Verdugo Ave, Burbank, CA 91502 (MLS# 24-364345) is a Multi-Family property that was sold at $2,072,000 on May 03, 2024. Want to learn more about 325 E Verdugo Ave? Do you have questions about finding other Multi-Family real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.