Add to Favorites Add to Favorites
Share Share
Add to Favorites
For Sale
$3,199,982

509 E Valencia Avenue
Burbank, CA 91501

We are marketing this 7 unit multi-residential investment opportunity located in the highly desirable City of Burbank. The subject property was built in 1962 and located in the City of Burbank, a submarket of Los Angeles, in the San Fernando Valley, adjacent to the City of Glendale. The units are separately metered for gas and electricity and has on-site laundry services that are a revenue generator. Burbank is not subject to rent control and has on-site parking. The average size for a Burbank, Los Angeles County, CA apartment is 799 square feet, with an average rental rate of $2341 per month, an 8% YOY increase! The property boasts a mix of five 3 bedroom, 2 bathroom units and two 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Burbank's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 7485 square foot lot with a total rentable square footage of 8202. Tenants are able to walk, bike & hike to local numerous eateries, cafe's & parks. Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. Read More

Market Status
Sale Pending
Last Updated
April 14, 2021

Property Type
Rental Complex For Sale
Year Built
1962
Stories
2
Range
Gas
Cooling System
Window Unit(s) A/C
Heating System
Central Furnace
Roof
Tar and Gravel
Stories
2.0
Exterior Construction
Stucco
Parking
Driveway; Parking Structure; Paved or Surfaced; 7 spaces
Carport
-
Floors
Carpet; Vinyl
Property Type
MultiFamily; Apartment

Local Market Conditions

There are currently 68 properties for sale in the Burbank, CA area with the average listing price of $1,288,383. This represents an increase of +0.1% over the previous week. The 1 bedroom homes saw the largest increase in the average listing price over the previous week with a +4.4% increase. To learn more about the Burbank, CA area, contact a local expert!

Market Snapshot for Burbank, CA

Avg. Listing Price

$1,288,383

Wk ending Apr 10

$+1,694

+0.1%

w-o-w

68

22

15

13

8

4

Average Listing Price for Burbank, CA
No. BedroomsNo. Beds Week Ending
(Apr 10)
w-o-w Week Ending
(Apr 3)
Week Ending
(Mar 27)
Week Ending
(Mar 20)
All PropertiesAll $1,288,383 +0.1% $1,286,689 $1,207,060 $1,169,234
1 bedroom1 BR $552,333 +4.4% $529,000 $529,000 $529,000
2 bedrooms2 BR $861,538 -2.6% $884,608 $998,772 $950,900
3 bedrooms3 BR $1,213,523 +0.7% $1,204,710 $1,163,419 $1,146,830
4 bedrooms4 BR $1,667,930 +1.8% $1,637,680 $1,205,920 $1,358,915

Data Provided by CRIS-Net Regional MLS (Southland)
More Information for this listing

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.
This $3,199,982 Rental Complex For Sale at 509 E Valencia Avenue in Burbank, CA is presented by Guy Arnone. This $3,199,982 Rental Complex For Sale, located in the 91501 zip code, has the following property features: Parking, Range, Heating System, Roof. This 509 E Valencia Avenue Rental Complex For Sale, located in Los Angeles County , is listed under MLS listing number SR20206676 and has a listing price of $3,199,982. You can find more Burbank homes for sale here.

Request More Information

...