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$3,199,000

Est. payment - /mo

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11 BD

10 BA

4,575 SqFt

Price Dropped by $50K

706 E Verdugo Avenue Burbank, CA 91501

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Richard Combs

[email protected] +1(619) 838-9307

UPDATED:

10/01/2024 11:38 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,575 sqft

Price per Sqft $699

MLS Listing ID GD24163946

Style Detached

Bedrooms 11

Full Baths 10

HOA Y/N No

Year Built 1920

Lot Size 7,185 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.
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 Burbank (91501)

Zoning BUR4*

Interior

Interior Features Recessed Lighting

Cooling Central Forced Air

Flooring Wood

Fireplaces Type FP in Living Room

Equipment Dishwasher, Microwave, Gas Oven, Gas Range

Appliance Dishwasher, Microwave, Gas Oven, Gas Range

Laundry Inside

Exterior

Total Parking Spaces 4

Building

Story 1

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Water Public

Level or Stories 1 Story

Others

Miscellaneous Suburban

Acceptable Financing Cash, Conventional, Lease Option, Cash To New Loan

Listing Terms Cash, Conventional, Lease Option, Cash To New Loan

Special Listing Condition Standard

Listed by Albert Babayan • JohnHart Real Estate

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

Richard Combs

706 E Verdugo Avenue Burbank, CA 91501

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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706 E Verdugo Avenue