325 East Verdugo Avenue

Burbank, CA 91502

$1,800,000
Price
8
Beds
8
Baths
4,856 Sq. Ft.
$371 / Sq. Ft.
4,856
Sq. Ft.
$371
per Sq. Ft.

Description

Pleased to present 325 E Verdugo Ave, an 8 unit apartment building located in Burbank, CA. Built in 1954, this property consists of one (1) Bachelors unit, six (6) 1 Bedroom +1 Bathroom units, (1) 2 Bedroom + 1 Bathroom unit. The building is 4,856 gross square feet and sits on a 7,692 square foot lot that is BUR4 zoned. From the moment you set eyes on it, the seller's meticulous care for this property is evident. Situated on a picturesque, well-maintained street just steps from Downtown Burbank,...Pleased to present 325 E Verdugo Ave, an 8 unit apartment building located in Burbank, CA. Built in 1954, this property consists of one (1) Bachelors unit, six (6) 1 Bedroom +1 Bathroom units, (1) 2 Bedroom + 1 Bathroom unit. The building is 4,856 gross square feet and sits on a 7,692 square foot lot that is BUR4 zoned. From the moment you set eyes on it, the seller's meticulous care for this property is evident. Situated on a picturesque, well-maintained street just steps from Downtown Burbank, residents will enjoy easy access to employment opportunities at renowned media institutions like Warner Bros Studios, Walt Disney Studios, and Universal Studios. Additionally, 325 E Verdugo Ave is conveniently close to popular dining spots and the Burbank Town Center. This prime location offers tenants immediate access to the 134 and 5 Freeways, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 325 E Verdugo Ave presents a compelling value-add opportunity for investors. Priced attractively at $225,000 per unit with a 15.83 Gross Rent Multiplier (GRM), this property is poised to deliver excellent returns.
  1. Listed by Gregory Shindler • DRE #02083460 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 325 East Verdugo Avenue

Zoning
BUR4*
Parcel Number
2453021009
Total Units
8.0
Living Area
4856
Source Living Area
Vendor Enhanced
Area
Burbank (610)
Vacancy Rate
0
Lot Size Area
7694

Location

Listing Courtesy of Marcus & Millichap, Gregory Shindler, DRE #02083460
Add your commute
LISTING UPDATED: 03/30/2024 07:05 AM

Property Details for 325 East Verdugo Avenue

StatusPending
MLS #24-364345
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.18 AC / 7,694 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Gregory Shindler, DRE #02083460
Add your commute

Building Information for 325 East Verdugo Avenue

Stories2Residences-Year Built1954Building Size-Lot Size0.18 AC / 7,694 SF

Payment Calculator

$10,478 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$655

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 325 East Verdugo Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $110,289
  • Net Operating Income: $60,327.00
  • Gross Income: $113,700
  • Cap Rate: 3.35%
  • Gross Rent Multiplier: $15.83
  • Total Annual Expense: 49961
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1766
  • Lot Size Square Feet: 7694
  • Lot Size Dimensions: 50x155
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 8
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: None
  • Laundry: Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,375.00
  • Unit Actual Rent: $1,375.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,171.00
  • Unit Actual Rent: $1,171.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,075.00
  • Unit Actual Rent: $1,075.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $376,651.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $251,089.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $627,740.00

Property History for 325 East Verdugo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 325 East Verdugo Avenue

Taxable ValueLand$251,089Additions$379,251Total$630,340
Tax Record2023$7,859 ($655 / month)
Home Facts
Total Finished SqFt4,856 SqFtAbove Grade Finished SqFt4,856 SqFtLot Size7,692 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningBUR4*CountyLOS ANGELESAPN2453-021-009

Schools near 325 East Verdugo Avenue

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Joaquin Miller Elementary School
PublicK to 5

John Muir Middle School
Public6 to 8

Burbank High School
Public9 to 12

Burbank Usd Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Gregory Shindler, DRE #02083460

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.