Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    706 Verdugo Avenue, Burbank, CA 91501
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    706 Verdugo Avenue
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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
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 4575.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 78
    Electric Expense
    1. 3900.00
    Fireplace Features
    1. None
    Flooring
    1. Laminate
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 1200.00
    Heating
    1. Central
    Insurance Expense
    1. 7500.00
    Laundry Features
    1. Inside
    Levels
    1. One
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 148284.00
    Otherexpense
    1. 960.00
    Otherexpensedescription
    1. Internet
    Parcel Number
    1. 2455008017
    Parking Features
    1. Tandem Uncovered
    Pool Features
    1. None
    Postalcodeplus4
    1. 2313
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 420680220:CRM
    Taxblock
    1. 28
    Totalexpenses
    1. 50616.00
    Trash Expense
    1. 720.00
    Views
    1. 11
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1920
    Year Built Source
    1. Assessor
    Zoning
    1. BUR4*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836