Burbank (610) Homes with Park/Greenbelt View

Burbank (610) Homes with Park/Greenbelt View

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Newest Burbank (610) Homes with Park/Greenbelt View

$1,499,000
SR26148082 MLS Active Status
A remarkable investment opportunity awaits at 508 N. Rosemary Lane in the highly sought-after Magnolia Park neighborhood of Burbank. This well-maintained triplex offers an exceptional combination of prime location, desirable unit mix, and strong income-generating potential, making it an ideal long-term hold or owner-user opportunity with meaningful rental income. Each of the three units features 2 Bedrooms and 1 Bathroom, along with separate utility meters and convenient in-unit laundry—highly desirable features for today’s rental market. The units have been tastefully remodeled over the past 10 years and thoughtfully maintained, providing attractive living spaces with solid cash flow. Additional property highlights include a shared 2-car garage plus a separate 1-car garage, all with alley access, along with important system upgrades including a newer roof, upgraded electrical panel, and re-lined sewer. The location further strengthens the investment profile, situated directly across from Verdugo Park and Aquatic Facility, offering tennis courts, playgrounds, picnic areas, and the Mary Alvord Recreation Center. Just a short stroll away, The Ranch at Hollywood & Verdugo provides convenient dining and shopping options, while nearby Burbank schools and major entertainment studios add to the area’s lasting tenant appeal. With a proven history of rental demand, strong neighborhood fundamentals, and versatile income potential, this is a rare opportunity to own a highly rentable multi-residential asset in one of Burbank’s most desirable locations.

508 N Rosemary Lane, Burbank

$1,595,000
4 Beds 3 Baths 26835545 MLS Active Status
This is a rare and exciting opportunity to purchase an investment property in Magnolia Park. Wonderful views of blue Jacaranda trees on the Chandler Bike path.This well maintained and updated triplex 2514,2516,2518 W. Chandler Blvd. All units have stone countertops, tile or slate floors in the kitchen /bathrooms and hardwood flooring in bedrooms, living room and dining room and newer electrical panels. Replaced back staircase (2019). Rain gutters added. Unit 2514 -(2 Bedroom) Kitchen: Unit has maple kitchen cabinets, stainless steel stove, dishwasher. New back door to side yard. Upgraded electrical panel. Bathroom: Custom sliding glass shower doors ( installed 2018) tub/shower combo. New bathroom door. Added tile baseboards and large medicine cabinet for two people. We installed a whisper quiet exhaust fan and added canned lighting and a new fixture over the vanity. Living room: we added custom plantation shutters in the main window. Newer doubled pane windows in dining room, bedrooms, kitchen, bathroom. Replaced AC unit in the living room (2018) Newer custom blinds throughout. Upgraded electrical panel. Bedroom 1: We added a mini split heating and air / new ceiling fan and a new AC window unit in the second bedroom. New windows. Unit 2516: All new (2018) double pane windows in every room with custom blinds.Kitchen: Newer refrigerator, has a microwave oven, new faucet & disposal. Added tile back splash. Newer kitchen back door with custom blind. New light fixture over sink. New large pantry shelving unit. Bedroom: Added a multi-zone mini split heating/AC. New ceiling fan in bedroom.Bathroom: Retiled the shower, flooring and behind the sink & faucet with a built in soap dish. Added custom shower glass doors. New shower head, New sink, Replaced plumbing and drains. Added a whisper quiet exhaust fan. Refinished hard wood floors in entire apt. 2 Kohler double mirrored medicine cabinets, new mirror over toilet. Added shelving over doorway. 2518: Kitchen: Remodeled in 2020. All new custom designer kitchen. Professional layout. Beautiful yellow handmade tiles from England purchased from high end shop in Pasadena. New plumbing and drain. Added a light switch to kitchen entry with dimmer, added canned lights and new vintage style light fixture over sink. Has new sub flooring and new tile floor. New stove, refrigerator, new built-in microwave unit above stove. New ventilation system in kitchen. Bathroom: New sub flooring, New tile floor, New TOTO toilet, New JALCO Brass tub and shower fixtures. New plumbing and drain. Brass designer double sided mirror medicine cabinet. Italian plastered wall behind vintage sink. Built in vintage soap dish in wall . Sink has newer brass colored faucet to match the bathroom towel bars/ rings. Attic: newly Insulated. All units have hardwood flooring, updated electric panels/paint. Landscaping front/back w/auto sprinklers. Currently 2 units are month to month and 1 unit is on a 1 year lease. Well maintained, Triplex in highly desired Burbank location demonstrating pride of ownership. Convenient on-site "WASH" laundry room and all units include a 1 car garage and together enjoy out-door spaces. Units are occupied with long -term tenants. . Close to shopping and convenient freeway access, Close to Burbank Media Center. Burbank Studios, production companies, Disney Studios, Warner Brothers Studios, Handy Market, Magnolia Corner bar & grill, and Landmark old-school market and restaurant Monte Carlo Italian deli/ Pinocchio.

2514 W Chandler Boulevard, Burbank

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.