Exceptional Investment Opportunity in the Heart of Burbank
This well-maintained 5-unit property features a desirable front owner’s unit and a two-story rear building with four additional rental units. Amenities include 5 garage parking spaces, one uncovered parking spot, and an on-site laundry room—ideal for both tenant convenience and an additional income potential.
Perfectly located near Warner Bros. and NBC Studios and just 15 minutes from Universal Studios, the front unit is a prime candidate for Airbnb or short-term rental, offering significantly higher revenue compared to traditional annual leasing.
The property underwent extensive renovations in 2022–2023, including a new roof on all units and garages and new dual-pane windows in most units (except for one). Current leases remain in place through August 31, 2025, at which time rents can be adjusted following California’s rent control guidelines.
The new owner can increase additional revenue through separate charges for garage parking and storage, which were previously included in the base rent.
With rent increases taking effect, coupled with low building expenses and minimal maintenance needs, this property has the potential to achieve a cap rate exceeding 5.35%.