$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 #GD24163946
Price change
$3,199,000
-1.54%
08/08/2024
CRMLS #GD24163946
Listed
$3,249,000
+303.6%
04/08/2016
CRMLS #SR16044427
Sold
$805,000
Schools & Community
Elementary school:Â
Unknown
Middle school:Â
Unknown
High school:Â
Unknown
Community features:Â Suburban
Community features:Â
Suburban
High school district:Â
Burbank Unified
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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 #:Â (818) 246-1099
MLS: CRMLS #GD24163946
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