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34-Unit Apartment Community
For Sale
$10,150,000

700 S 6th Street, Burbank, CA 91501

34-unit multifamily property with recent roof, window, plumbing, and January 2026 seismic retrofit updates.

Property SizeContact for details
Days on Market91

Property Features for 700 S 6th Street

General Information

Standard status Active
Property subtype Commercial

Financials

Cap Rate 6.11%
Business Included Yes

Additional Details

Multifamily Units 34

Building Details

Year Built 1958
Year Renovated 2026
Tenancy Multi
Listing Agency: Marcus & Millichap
Listed By: Roderick 'Rick' Raymundo (Rick.Raymundo@MarcusMillichap.com)
Source: Valleyland
Added: Jun 9 Changed: Sep 4 Last Checked: Sep 6 at 8:58AM

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 Marcus & Millichap

Investment Insights

Based on property information with market context.

Citra Apartment Homes is a 34-unit multifamily apartment community at 700 S 6th Street in Burbank, California. The property is described as being positioned on a corner lot north of Glenoaks Boulevard.

Recent improvements include completion of seismic retrofit repairs in January 2026, along with a new roof and new windows, and plumbing replacements in 2018/2019. Unit features highlighted in the offering include central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows.

The community is presented as being close to Downtown Burbank and the Burbank Town Center shopping mall, with additional retail and dining destinations identified as being conveniently accessible, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center. The property is stated to be subject only to Burbank’s local rent ordinance.

Key Highlights

  • 34‑unit multifamily community at 700 S 6th Street, Burbank, CA
  • Recent building updates: new roof and new windows, plus plumbing replaced in 2018/2019
  • Seismic retrofit repairs completed in January 2026

Property Analytics

Current Use

Citra Apartments Apartment Complex

Suggested Use

Top Pick Barber Shop Pet Grooming Service (Bike/Boat/Book/etc) Store Mobile Phone Store Tattoo & Piercing Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,073
Businesses Nearby

Demographics for 91501, CA

21,157
Population
8,510
Households
2.5
Avg Household Size
40
Median Age
44%
College-Educated
89%
High-School Grad
2.7 sq mi
ZIP Area
7,836
Density / Sq Mi
$85,419
Median Household Income
$55,290
Median Earnings
$2,070
Median Rent
$1,011,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 34-unit multifamily property with recent roof, window, plumbing, and January 2026 seismic retrofit updates.
Where is this apartment building located?
The property is located at 700 S 6th Street Burbank, CA.
What is the asking price?
The asking price for this property is $10,150,000.
What are key features of this property?
This property features: 34‑unit multifamily community at 700 S 6th Street, Burbank, CA; Recent building updates: new roof and new windows, plus plumbing replaced in 2018/2019; Seismic retrofit repairs completed in January 2026
More about this property
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