216 Glenwood pl, Burbank, CA 91506
Active
$1,850,000
6 Units
7 Beds
6 Baths
3,500 Area(sq.ft.)
Lot: 8,557 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,350 | $ 2,350 | $ 2,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,997 | $ 1,997 | $ 2,000 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,850 | $ 1,850 | $ 2,000 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,292 | $ 1,292 | $ 2,000 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,351 | $ 1,351 | $ 2,000 |
| 6 | 7 | 6 | $ 10,640 | $ 10,640 | $ 12,500 |
| MLS #: | BB25088666MR |
| Days On Market: | 228 |
| Listing Date: | April 22, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 529 |
| Price per unit: | $ 308,333 |
| Year Built: | 1953 |
Property Details
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!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 13,990 |
| Net Operating Income: | $ 104,726 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | BUR3* |
| Land Lease Type: | Fee |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Fireplace Rooms: | None |
| Laundry: | Community, Laundry Area |
Exterior
| Pool: | No |
| Roof: | Composition |
Detailed Map
Schools
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Income
