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    Property profile & analytics

    550 Verdugo Ave Burbank, CA 91501-2305

    • Apartment buildings
    • 3,143 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $1,620,000
    Last Sale
    Mar 28, 2024
    $1,625,000
    Location Intelligence
    Property ID
    US10-0041421
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 550 Verdugo Ave

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    3,143 SF
    Zone code
    BUR4*
    Property type
    Apartment buildings
    APN
    2455-006-006
    APU
    2455006006

    Description

    This exceptional five-unit apartment building, located at 550 E Verdugo Ave in Burbank, California (91501), presents a compelling investment opportunity. The property, situated on a beautiful tree-lined street north of Glen Oaks and conveniently close to studios and downtown Burbank, boasts a total of 3,143 square feet of net rentable space across three buildings. Constructed in 1921 and extensively renovated between 2016 and 2022, this two-story complex offers a blend of historical charm and modern updates. Each of the five units has undergone a complete renovation, featuring new laminate flooring, modern appliances, air conditioning, fresh paint, and other desirable upgrades. Currently, all units are occupied by excellent tenants, generating a strong net operating income (NOI) of $98,000, resulting in a 5.46% cap rate. The asking price is $1,795,000, translating to $359,000 per unit and $571.11 per square foot. This property offers a rare combination of location, renovated units, strong occupancy, and a solid financial performance, making it an ideal addition to any investment portfolio. Los Angeles County location provides easy access to major freeways and amenities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,625,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,540,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,545,000
      Geo Method
      $1,400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,620,000
      Retail
      $1,630,000
      Mixed-Use
      $1,600,000
      Hospitality
      $1,640,000
      Educational
      $1,680,000
      Residential Income
      $1,695,000
      Energy
      $1,685,000
      Income-Based Land
      $1,925,000
      Food Service
      $1,835,000

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.301
    Latitude
    34.1828
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,254
    $1,101,600
    $578,055
    $1,679,655
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      618 Santa Anita Ave

      APARTMENT HOUSE (5+ UNITS) • 18,897 SF
      618 Santa Anita Ave, Burbank, CA 91501
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    • Value Estimation by Request
      9,612 SF

      618 Magnolia Blvd

      APARTMENT HOUSE (5+ UNITS) • 9,612 SF
      618 Magnolia Blvd, Burbank, CA 91501-2658
      View Details

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    550 Verdugo Ave
    Burbank, CA 91501-2305
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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
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