216 S Glenwood Pl - Apartments FOR SALE


Burbank, CA 91506- Rancho Adjacent
$1,850,000 USD
818-823-7443
216 S Glenwood Pl, Burbank, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/2
null | 6.74% Cap Rate

216 S Glenwood Pl
Burbank, CA 91506
Rancho Adjacent


HIGHLIGHTS

  • The property has been well maintained in nice location in the heart of Glendale. Close to shopping and Freeways, making commuting convenient.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

6.74%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,551 SF

ZONING

BUR3

APN/PARCEL ID

2446-028-013

ASK ABOUT THIS PROPERTY

Susan FeatherlyBetter Homes And Gardens Real Estate Town CenterMore Info
818-823-7443

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Susan FeatherlyBetter Homes And Gardens Real Estate Town CenterMore Info
818-823-7443

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.