706 E Verdugo AVE Active Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91501
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
Year Built 1920
Lot Size 7,183 Sqft
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
Laundry Inside
Exterior
Garage Tandem,Uncovered
Pool None
Community Features Suburban
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard