tomo logo

$3,199,000

Beds
11
Baths
10.0
sq ft
4,575

706 E Verdugo Ave, Burbank, CA 91501

706 E Verdugo Ave

Burbank, CA 91501

  • 51 days on market
    • Price drop $50,000↓
Nestled in a highly desirable Burbank neighborhood, this rare investment opportunity features a front single-family home plus 4 additional ADUs, ideal for generating steady income. The main home offers 3 bedrooms, 2 bathrooms, and 1,251 square feet of living space, recently upgraded with modern touches such as wood flooring, recessed lighting, central AC and heating, and generous storage. The ADUs, each ranging from 802 to 860 square feet, are thoughtfully designed with 2 bedrooms, 2 bathrooms, in-unit laundry, and new appliances. To ensure low maintenance costs, all units are equipped with separate meters, including water sub-meters. Solar panels have been installed for the ADUs, with two units also featuring carport parking. Fully rented and income-producing, the property offers a total of 4,575 square feet of living space on a 7,183-square-foot lot with plenty of room to potentially build a two-car carport in front of the house. Located just a short distance from Kenneth Road, this property is a prime investment opportunity for those seeking a lucrative asset in a top-tier location.

Details

Property type

Single Family Residence

Lot size

7,185 sq ft

Price per sq ft

$700

Year built

1920

Price History

09/17/2024
CRMLS

CRMLS #GD24163946

Price change
$3,199,000
-1.54%
08/08/2024
CRMLS

CRMLS #GD24163946

Listed
$3,249,000
+303.6%
04/08/2016
CRMLS

CRMLS #SR16044427

Sold
$805,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

Burbank Unified

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Status: Active

Tomo last checked: 09/28/2024 at 1:15 AM

Listing updated: 09/17/2024 at 1:51 PM

Listed by: Albert Babayan, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD24163946

CRMLS logo

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