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1201 W Verdugo Avenue

Burbank, CA 91506

– beds
– baths
– sqft
8,304 sqft lot
1953 build
– on site

5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.

Listed By CRMLS_CA / Richard Valdez / Valdez Realty / 818-522-2863

Last checked: Checking… • Last updated Oct 10, 2024 •

MLS# SR24052054 —

The Building

Year Built:

1953
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

4337.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

1
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Entry Level:

2
Common Walls:

1 Common Wall
# of Separate Gas Meters:

6
# of Separate Electric Meters:

6

Interior

Entry Location:

1st & 2nd Floor
Flooring:

Vinyl, Wood
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

South of W. Olive Ave and East of N Buana Vista Blvd
Latitude:

34.16964400
Longitude:

-118.31871900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

BUR3*
Lot Features:

0-1 Unit/Acre
Lot Size Area:

8304.0000
Lot Size Acres:

0.1906
Lot Size SqFt:

8304.00
Lot Size Source:

Assessor
View:

None
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

3108.00
Tax Tract:

6827
Tax Lot:

7

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2446030007

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Disposal
Included:

Yes

The Community

Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

7.00
Garage Spaces:

5.00
Uncovered Spaces:

2.00

Extra Units

Number With Disposal:

5

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/11/24 Jul 11, 2024	Price Changed	CRMLS_CA	$1,950,000	-2.5%
3/14/24 Mar 14, 2024	Listed / Active	CRMLS_CA	$2,000,000
11/17/23 Nov 17, 2023	Price Changed	CRMLS_CA

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This multifamily located in Chandler Park, Burbank, CA 91506 is currently for sale for $1,950,000. 1201 W Verdugo Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 278 days. 1201 W Verdugo Avenue is in the Chandler Park neighborhood of Burbank and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Walt Disney Elementary School, David Starr Jordan Middle School, and John Burroughs High School.

Listing Courtesy of: CRMLS_CA and Valdez Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 22:33 on Dec 17.

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.