Upgraded 6-Unit Apartment
For Sale
$1,995,000
1138 N Parish Pl, Burbank, CA 91506
Two buildings on a corner lot offer renovated interiors and access to major Burbank retail destinations.
Property Size3,120 SF
Days on Market21
Property Features for 1138 N Parish Pl
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multifamily
Additional Details
Cap Rate
4.74%
Road Access
Yes
Multifamily Units
6
Amenities
laundry room
security system
Corner Location in Burbank, Blocks from Burbank Empire Center Shopping Mall
Fully Upgraded Property — New Electrical Main Panel and Subpanels, New Roof, New Asphalt, and Remodeled Interiors
Not Subject to Los Angeles Rent Control -- Burbank's Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners When Compared to LA City
Recently Passed SB 721 Inspection (Buyer to Verify)
All Units Include New Flooring, New Windows, New AC Units, and New Kitchens
Newly Installed Laundry Room and New Security Camera System
Considered a "Very Walkable" with a Walk Score of 83
Convenient Access to Several Major Studio Employers – Walt Disney Imagineering, Disney Studios, Warner Bros. Studios, Universal Studios, Dreamworks Animation, and Nickelodeon Studios
Building Details
Building Size
3,120 SF
Buildings
2
Units
6
Listing Agency:
Encino Office
(213) 943-1855
Listed By:
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source:
Marcusmillichap
Added: Aug 13
Changed: Aug 31
Last Checked: Sep 1 at 2:46PM
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 Encino Office
Investment Insights
Based on property information with market context.
This six-unit multifamily property at 1138 N Parish Pl comprises two buildings on a corner lot along Victory Boulevard. Each residence has been upgraded with wood flooring, vinyl windows, air-conditioning units, and remodeled kitchens. Property-wide improvements include a new main electrical panel, new subpanels and breakers, a replacement roof, new asphalt, a renovated laundry room, and a security system.
The property is in Burbank, with access to the Burbank Empire Center, Downtown Burbank, Burbank Town Center, Costco, IKEA, and the Americana at Brand lifestyle center. Nearby entertainment employers named in the property information include Disney Studios, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, DreamWorks Animation, and Walt Disney Imagineering. The property also recently passed an SB 721 elevated walkways inspection, subject to buyer verification.
The property is in Burbank, with access to the Burbank Empire Center, Downtown Burbank, Burbank Town Center, Costco, IKEA, and the Americana at Brand lifestyle center. Nearby entertainment employers named in the property information include Disney Studios, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, DreamWorks Animation, and Walt Disney Imagineering. The property also recently passed an SB 721 elevated walkways inspection, subject to buyer verification.
Key Highlights
- 6‑unit multifamily property arranged across two buildings
- Corner‑lot setting along Victory Boulevard
- Every unit upgraded with wood flooring, vinyl windows, new AC units, and remodeled kitchens
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,908
Businesses Nearby
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings on a corner lot offer renovated interiors and access to major Burbank retail destinations.
Where is this apartment building located?
The property is located at 1138 N Parish Pl Burbank, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 6‑unit multifamily property arranged across two buildings; Corner‑lot setting along Victory Boulevard; Every unit upgraded with wood flooring, vinyl windows, new AC units, and remodeled kitchens
