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Listed by Susan Featherly • Better Homes and Gardens Real Estate Town Center
$1,850,000
Est. payment /mo
3,500 SqFt
Active
216 South Glenwood Place Burbank, CA 91506
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $528
MLS Listing ID BB-25088666
Year Built 1953
Lot Size 8,557 Sqft
Property Sub-Type Apartment
Property Description
Prime Investment Opportunity in Burbank! Welcome to 216 South Glenwood Place, a well-maintained 6-unit multifamily property located in a highly desirable Burbank neighborhood. Situated on a quiet, tree-lined street just minutes from studios, Magnolia Park, and top-rated schools, this rare offering presents an ideal opportunity for investors seeking strong rental income in a stable, high-demand market. The property consists of six thoughtfully designed units--(5) one-bedroom/one-bath and (1) two-bedroom/one-bath apartments, complete both garage parking and outdoor parking spaces. Total building square footage of 3500 is situated on an 8562 lot. Tenants enjoy shared amenities including on-site laundry facilities, a spacious courtyard with mature landscaping. The property also offers separate gas and electric meters, providing ease of management and cost efficiency for the owner. With long-term upside potential, steady occupancy history, and located in a non-rent controlled city, this is a turnkey addition to any investor's portfolio. Zoned R-3 and located in one of the most sought-after rental markets in Los Angeles County, 216 South Glenwood Place combines immediate income with long-term growth potential. Don't miss this rare chance to own a premier multifamily asset in the heart of Burbank!
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area, Community
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description Front Yard
Sewer Public Sewer