Villa Bonita Condominiums is a pride-of-ownership, turnkey 10- unit condominium community located at 1101 East Avenue in Burbank, CA 91504. Built in 2009, the property offers 15,535 gross square feet across large townhome-style floorplans—seven 2- bedroom/2.5-bathroom units averaging 1,338 SF and three 3-bedroom/3-bathroom units averaging 1,858 SF. Luxury condograde finishes include stainless appliances, granite counters, gas fireplaces, central A/C and heat, and in-unit washers and dryers. Every unit features a patio or balcony, and the building is served by 23 gated semi-subterranean parking spaces (including 2 handicap) with a wheelchair lift from garage to first floor.
A defining feature of this asset is its 10 individually parceled condominium units (APNs 2459-030-019 thru 028), creating a dual-exit strategy: continue operating as rentals under the 1101 East Avenue Association, or sell units individually as condos. Seller will provide HOA/CC&R/Bylaws, Certification of Completion, and White-Slip condo docs. With no traditional Burbank rent control—only state AB 1482 and local soft-cap ordinances—and a 2009 build requiring minimal near-term capital, Villa Bonita is a compelling, low-management investment in the highly sought-after Burbank rental market.