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Tatiana Batmanian

tatiana.b@theagencyre.com +1(818) 726-2663

$ 1,595,000

Est. payment -/mo

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210 W Spazier Burbank, CA 91502

7,758 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26147163

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1949

Lot Size 7,758 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave

Laundry Inside, Laundry Closet, Outside, Stacked

Exterior

Parking Features Driveway Level, Door-Single, Garage, On Site, RV Potential

Garage Spaces 4.0

Garage Description 4.0

Fence Wrought Iron

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 8

Private Pool No

Building

Lot Description Cul-De-Sac

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5625016017

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Brian Palmer RE/MAX Gateway brian@brianpalmer.com, DRE #01047928

NEARBY SCHOOLS & PROPERTIES

Tatiana Batmanian

Director, Estates Division | License ID: 01986103

+1(818) 726-2663

Tatiana Batmanian

210 W Spazier Burbank, CA 91502

Key Details

Location

Interior

Exterior

Building

Others

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210 W Spazier