706 E Verdugo Avenue
Burbank, CA 91501
0.16 acres | #GD24164104
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.
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$3,249,000
- MLS #GD24164104
- MLS #GD24164104
- Property SubtypeApartment
- Cost3199000
- Acres0.1649
- Utility SourcePublic
- Year Built1920
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Albert Babayan (#G81714)
Listing Office: JohnHart Real Estate (#G7561)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
