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    1201 Verdugo Ave Burbank, CA 91506

    Sponsored
    For Sale
    $1,950,000

    Five-unit apartment building, high rental upside.

    Property size:
    4,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional five-unit apartment building presents a compelling investment opportunity in Burbank, California. Located at 1201 W Verdugo Avenue, this property boasts 4,337 square feet on an 8,304 square foot lot, zoned BUR3. Built in 1953, the two-story building features five units, each with two bedrooms and one bathroom. Three garages are included: one single-car and two two-car garages. Recent upgrades include new kitchen counters and windows. The units feature a mix of flooring, including original hardwood (except for one unit with carpeting over hardwood), ceramic tile, and vinyl tile in the kitchens. The property benefits from a new ABS sewer line and copper main water line, and the composition shingle roof is approximately 12 years old. Current rents are significantly below market value, offering substantial potential for rental income growth. The building's prime location is just one block from George Izay Park, providing convenient access to recreational amenities. Furthermore, the property enjoys proximity to the 5 and 101 freeways, enhancing its accessibility. The asking price is $1,950,000, representing a price per unit of $390,000 and a price per square foot of $449.62. The property's Net Operating Income (NOI) is $97,739, yielding a 3.92% cap rate. This is a 1031 exchange eligible property, presenting a unique opportunity for investors seeking a strong return on investment in a desirable Burbank location. The Los Angeles County Assessor's Parcel Number (APN) is 2446030007.

    Property Features for 1201 Verdugo Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,337 SF

    Building Details

    Year Built
    1953
    Stories
    2
    Units
    5

    HighLights

    • Five‑unit apartment building in Burbank, CA, at 1201 W Verdugo Avenue.
    • 4,337 sq ft building on an 8,304 sq ft lot, zoned BUR3.
    • Five 2 bed/1 bath units; three garages (one single‑car, two two‑car).
    • Recent upgrades include new kitchen counters and windows; new ABS sewer line and copper main water line; roof approx. 12 years old.
    • $1,950,000 asking price ($390,000/unit, $449.62/sq ft); $97,739 NOI (3.92% cap rate).
    • 1031 exchange eligible; rents below market value; near George Izay Park and 5 & 101 freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3185527372
    Latitude
    34.169784310094

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, high rental upside.
    Where is this multifamily property located?
    The property is located at 1201 Verdugo Ave Burbank, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Five-unit apartment building in Burbank, CA, at 1201 W Verdugo Avenue.; 4,337 sq ft building on an 8,304 sq ft lot, zoned BUR3.; Five 2 bed/1 bath units; three garages (one single-car, two two-car).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Verdugo Ave Burbank, CA 91506
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