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Listed by Susan Featherly • Better Homes and Gardens Real Estate Town Center
$ 1,850,000
Est. payment /mo
Active
216 S Glenwood Place Burbank, CA 91506
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $528
MLS Listing ID CRBB25088666
HOA Y/N No
Year Built 1953
Lot Size 8,557 Sqft
Property Sub-Type Other
Source Datashare California Regional
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 h
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Front Yard
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