706 Verdugo Avenue, Burbank, CA 91501
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- MLS#: GD24164104 ( Apartment )
- Street Address: 706 Verdugo Avenue
- Viewed: 11
- Price: $3,199,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1920
- Bldg sqft: 0
- Days On Market: 150
- Additional Information
- County: LOS ANGELES
- City: Burbank
- Zipcode: 91501
- Provided by: JohnHart Real Estate
- Contact: Albert Albert
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DescriptionNestled 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 Location and Similar Properties
Features
Building Area Total
- 4575.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 78
Electric Expense
- 3900.00
Fireplace Features
- None
Flooring
- Laminate
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Gardner Expense
- 1200.00
Heating
- Central
Insurance Expense
- 7500.00
Laundry Features
- Inside
Levels
- One
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 148284.00
Otherexpense
- 960.00
Otherexpensedescription
- Internet
Parcel Number
- 2455008017
Parking Features
- Tandem Uncovered
Pool Features
- None
Postalcodeplus4
- 2313
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 420680220:CRM
Taxblock
- 28
Totalexpenses
- 50616.00
Trash Expense
- 720.00
Views
- 11
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1920
Year Built Source
- Assessor
Zoning
- BUR4*