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Listed by Susan Featherly • Better Homes and Gardens Real Estate Town Center
$1,850,000
Est. payment /mo
8,557 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25088666
Year Built 1953
Lot Size 8,557 Sqft
Source California Regional MLS
Property Description
Prime Investment Opportunity in Burbank! Welcome to 216 South Glenwood Place, a well-maintained 6-unit multifamily property located in a highly desirable Burbank neighborhood. Situated on a quiet, tree-lined street just minutes from studios, Magnolia Park, and top-rated schools, this rare offering presents an ideal opportunity for investors seeking strong rental income in a stable, high-demand market. The property consists of six thoughtfully designed units-(5) one-bedroom/one-bath and (1) two-bedroom/one-bath apartments, complete both garage parking and outdoor parking spaces. Total building square footage of 3500 is situated on an 8562 lot. Tenants enjoy shared amenities including on-site laundry facilities, a spacious courtyard with mature landscaping. The property also offers separate gas and electric meters, providing ease of management and cost efficiency for the owner. With long-term upside potential, steady occupancy history, and located in a non-rent controlled city, this is a turnkey addition to any investor's portfolio. Zoned R-3 and located in one of the most sought-after rental markets in Los Angeles County, 216 South Glenwood Place combines immediate income with long-term growth potential. Don't miss this rare chance to own a premier multifamily asset in the hea
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Cooling Window / Wall Unit
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 11.0
Pool None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 2446028013
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033