Burbank Homes with Quadruplex Subtype

Burbank Homes with Quadruplex Subtype

Welcome to Burbank, California – a vibrant city nestled in the heart of Los Angeles County, renowned for its rich history, thriving entertainment industry, and charming neighborhoods. Often referred to as the “Media Capital of the World,” Burbank is home to major studios like Warner Bros. and Disney, making it a dream destination for film and television enthusiasts. Its picturesque streets are lined with delightful shops, cafes, and parks, offering a perfect blend of urban convenience and suburban tranquility.

One of the unique housing options in Burbank is the quadruplex, a multifamily home that offers four distinct living units. This type of property is ideal for investors looking to capitalize on the booming rental market, or for families seeking a multi-generational living arrangement. Quadruplex homes in Burbank provide a wonderful opportunity for residents to enjoy the benefits of community living while maintaining their privacy. Each unit typically features its own kitchen and living space, allowing for both independence and connection.

Living in a quadruplex in Burbank means you’ll have access to top-rated schools, beautiful parks, and a plethora of dining and entertainment options. The city is well-connected by public transport, making it easy to explore the greater Los Angeles area. Whether you’re an investor seeking a lucrative property or a family looking for a spacious home, Burbank’s quadruplexes offer an exceptional living experience in a city that truly has it all. Embrace the charm of Burbank and discover the perfect place to call home!

Newest Burbank 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.