706 E Verdugo Avenue
Burbank, CA 91501
Active for $3,199,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 7,185 sqft
| MLS | GD24164104 |
| Year Built | 1920 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $3,199,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,185 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Nestled in a highly desirable Burbank neighborhood, this rare investment opportunity features a front single-family home plus 4 additional ADUs, ideal for generating steady income. The main home offers 3 bedrooms, 2 bathrooms, and 1,251 square feet of living space, recently upgraded with modern touches such as wood flooring, recessed lighting, central AC and heating, and generous storage. The ADUs, each ranging from 802 to 860 square feet, are thoughtfully designed with 2 bedrooms, 2 bathrooms, in-unit laundry, and new appliances. To ensure low maintenance costs, all units are equipped with separate meters, including water sub-meters. Solar panels have been installed for the ADUs, with two units also featuring carport parking. Fully rented and income-producing, the property offers a total of 4,575 square feet of living space on a 7,183-square-foot lot with plenty of room to potentially build a two-car carport in front of the house. Located just a short distance from Kenneth Road, this property is a prime investment opportunity for those seeking a lucrative asset in a top-tier location.
Listing information courtesy of: Albert Babayan, JohnHart Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Albert Babayan
Broker Associate
Direct: 818.469.9388
Email: Email Me
DRE: 01012033
DRE #01873088
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