706 Verdugo Ave | 706 E Verdugo Ave
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706 Verdugo Ave 706 E Verdugo Ave
5 Unit Block of Flats £2,527,242 (£505,448/Unit) Burbank, CA 91501
Investment Highlights
- 4 ADU's that are fully rented out
- Separate meters for payments
- In unit laundry available in all units
- Solar panels on all units
Executive Summary
Nestled in a highly desirable Burbank neighborhood, this rare investment opportunity features a front single-family home plus 4 additional ADUs, ideal for generating steady income. The main home offers 3 bedrooms, 2 bathrooms, and 1,251 square feet of living space, recently upgraded with modern touches such as wood flooring, recessed lighting, central AC and heating, and generous storage. The ADUs, each ranging from 802 to 860 square feet, are thoughtfully designed with 2 bedrooms, 2 bathrooms, in-unit laundry, and new appliances. To ensure low maintenance costs, all units are equipped with separate meters, including water sub-meters. Solar panels have been installed for the ADUs, with two units also featuring carport parking. Fully rented and income-producing, the property offers a total of 4,575 square feet of living space on a 7,183-square-foot lot. Located just a short distance from Kenneth Road, this property is a prime investment opportunity for those seeking a lucrative asset in a top-tier location.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£156,932
|
£34.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£156,932
|
£34.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£39,936
|
£8.73
|
| Net Operating Income |
£116,996
|
£25.57
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £156,932 |
| Annual Per SF | £34.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £156,932 |
| Annual Per SF | £34.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £39,936 |
| Annual Per SF | £8.73 |
| Net Operating Income | |
|---|---|
| Annual | £116,996 |
| Annual Per SF | £25.57 |
Property Facts
| Price | £2,527,242 | Building Class | C |
| Price Per Unit | £505,448 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,575 SF |
| No. Units | 5 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Single Family Home |
| Price | £2,527,242 |
| Price Per Unit | £505,448 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,575 SF |
| Number of Floors | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.87/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+2 | 4 | £2,311 | - |
Walk Score ®
Very Walkable (74)
zoning
| Zoning Code | R3 (Multiple Dwelling) |
| R3 (Multiple Dwelling) |
-
Albert Babayan -
Real Estate People, Inc
1 of 123
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706 Verdugo Ave | 706 E Verdugo Ave
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