Turnkey 10-Unit Condominium
1101 East Avenue Burbank, CA 91504
1101 East Avenue, Burbank, CA, 91504
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For Sale
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Turnkey two-story, over-parking condominium building with 10 individually parceled, rented units and in-unit washer/dryer.
Days on Market70
Property Features for 1101 East Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
KW Commercial Pasadena
Listed by
Kevin Hurley · License #01237798
Source
Crexi
Added: May 14 Updated: Jul 21 at 2:45PM Checked: Jul 21 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Pasadena
Investment Insights
Based on property information with market context.
Villa Bonita Condominiums is a turnkey, two-story over-parking condominium building containing 10 individually parceled condo units. Constructed in 2009, the property includes a flat rolled composition shingled roof with some pitched concrete tile shingles and sits on a concrete pier foundation. Each fully completed unit is currently rented to individual tenants and includes high-end finishes such as stainless-steel appliances with dishwashers, granite counters, laminate flooring in common areas, and carpeted bedrooms. Residences also feature a patio or balcony, a gas fireplace, and washer/dryers in the unit, along with individual tankless water heaters.
The project operates under the 1101 East Avenue Association and consists of 10 separate tax IDs, allowing a new owner to continue operating the project as-is or potentially sell individual units as condos in the future. Tenants have access to a gated entrance and parking, and a wheelchair lift is provided from the parking garage to the first floor. The seller will provide HOA, CC&R, bylaws, certification of completion, and relevant condo documentation.
The City of Burbank does not use traditional rent control; however, it operates under state law (AB 1482) and local “soft cap” ordinances as of early 2026. Buyer should conduct its own investigations and independent verifications during the contingency period.
The project operates under the 1101 East Avenue Association and consists of 10 separate tax IDs, allowing a new owner to continue operating the project as-is or potentially sell individual units as condos in the future. Tenants have access to a gated entrance and parking, and a wheelchair lift is provided from the parking garage to the first floor. The seller will provide HOA, CC&R, bylaws, certification of completion, and relevant condo documentation.
The City of Burbank does not use traditional rent control; however, it operates under state law (AB 1482) and local “soft cap” ordinances as of early 2026. Buyer should conduct its own investigations and independent verifications during the contingency period.
Key Highlights
- Turnkey Villa Bonita Condominiums: 10‑unit, two‑story condominium building over parking
- Built in 2009 with a concrete pier foundation and flat, rolled composition shingled roof with some pitched concrete tile shingles
- All units are fully completed, individually owned and rented to separate tenants; 10 separate tax IDs
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FAQs
What type of property is this?
Apartment building - Turnkey two-story, over-parking condominium building with 10 individually parceled, rented units and in-unit washer/dryer.
Where is this apartment building located?
The property is located at 1101 East Avenue Burbank, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Turnkey Villa Bonita Condominiums: 10‑unit, two‑story condominium building over parking; Built in 2009 with a concrete pier foundation and flat, rolled composition shingled roof with some pitched concrete tile shingles; All units are fully completed, individually owned and rented to separate tenants; 10 separate tax IDs
