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$ 4,500,000
Est. payment /mo
Active
1544 N Edison BLVD Burbank, CA 91505
7,675 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25176652
HOA Y/N No
Year Built 1987
Lot Size 7,675 Sqft
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire an 8-unit, non-rent-controlled multifamily property in prime Burbank, held by the original builder for over 35 years. All units are spacious 2-bedroom, 2-bathroom layouts of approximately 1,000 sq ft, featuring modern finishes such as tile and laminate flooring, central A/C, and mirrored closet doors. Some units offer private balconies. The property includes gated entry, two parking spaces per unit, and a private storage room for each unit in the garage.
Ideally situated near major studios like Warner Bros. and Disney, with easy access to freeways, Metrolink, and Burbank Airport. Tenants enjoy walkable access to shops, restaurants, and top-rated schools within the Burbank Unified School District.
This property is not subject to local rent control. It is governed only by California's statewide rent cap law (AB 1482), which limits annual rent increases and provides just-cause eviction protections.
Value-add potential includes the ability to increase income by adding in-unit washer and dryers and adjusting rents to market levels. The uniformity of unit layouts, long-term ownership history, and well-maintained condition make this a low-maintenance, easy-to-manage asset, ideal for both seasoned and first-time multifamily investors. With strong rental demand and minimal regulatory restrictions, this property offers immediate cash flow and long-term upside.
Disclaimer: Information herein is deemed reliable but not guaranteed. Buyers are advised to verify all facts and conduct their own due diligence prior to purchase.
Ideally situated near major studios like Warner Bros. and Disney, with easy access to freeways, Metrolink, and Burbank Airport. Tenants enjoy walkable access to shops, restaurants, and top-rated schools within the Burbank Unified School District.
This property is not subject to local rent control. It is governed only by California's statewide rent cap law (AB 1482), which limits annual rent increases and provides just-cause eviction protections.
Value-add potential includes the ability to increase income by adding in-unit washer and dryers and adjusting rents to market levels. The uniformity of unit layouts, long-term ownership history, and well-maintained condition make this a low-maintenance, easy-to-manage asset, ideal for both seasoned and first-time multifamily investors. With strong rental demand and minimal regulatory restrictions, this property offers immediate cash flow and long-term upside.
Disclaimer: Information herein is deemed reliable but not guaranteed. Buyers are advised to verify all facts and conduct their own due diligence prior to purchase.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR4*
Interior
Cooling Central Air
Fireplace No
Laundry Common Area, In Garage
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2436019024
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Massi Torabi Nest Seekers CA Corp. 818-268-8869