CA > Burbank
Burbank, CA 91501,706 E Verdugo AVE
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Burbank, CA 91501,706 E Verdugo AVE
Burbank, CA 91501,706 E Verdugo AVE
Burbank, CA 91501,706 E Verdugo AVE
Burbank, CA 91501,706 E Verdugo AVE
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 3,199,000
Est. payment /mo
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Price Dropped by $50K

706 E Verdugo AVE Burbank, CA 91501

4,575 SqFt

UPDATED:

09/30/2024 06:12 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,575 sqft

Price per Sqft $699

MLS Listing ID GD24164104

HOA Y/N No

Year Built 1920

Lot Size 7,183 Sqft

Acres 0.1649

Property 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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Tandem, Uncovered

Pool None

Community Features Suburban

Parking Type Tandem, Uncovered

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2455008017

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Albert Babayan • JohnHart Real Estate • 818-469-9388