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Listed by Massi Torabi • Nest Seekers CA Corp.
$4,500,000
Est. payment /mo
7,787 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,787 sqft
Price per Sqft $577
MLS Listing ID CRSR25176652
HOA Y/N No
Year Built 1987
Lot Size 7,677 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Rare opportunity to acquire an 8-unit, non-rent-controlled multifamily property in prime Burbank, held by the original builder for over 35 years. All units are spacious 2-bedroom, 2-bathroom layouts of approximately 1,000 sq ft, featuring modern finishes such as tile and laminate flooring, central A/C, and mirrored closet doors. Some units offer private balconies. The property includes gated entry, two parking spaces per unit, and a private storage room for each unit in the garage. Ideally situated near major studios like Warner Bros. and Disney, with easy access to freeways, Metrolink, and Burbank Airport. Tenants enjoy walkable access to shops, restaurants, and top-rated schools within the Burbank Unified School District. This property is not subject to local rent control. It is governed only by California’s statewide rent cap law (AB 1482), which limits annual rent increases and provides just-cause eviction protections. Value-add potential includes the ability to increase income by adding in-unit washer and dryers and adjusting rents to market levels. The uniformity of unit layouts, long-term ownership history, and well-maintained condition make this a low-maintenance, easy-to-manage asset, ideal for both seasoned and first-time multifamily investors. With strong rental dema
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Fireplace No
Laundry In Garage, Other
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