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615 Magnolia Boulevard, Burbank, CA 91501
Priced at Only: $3,495,000
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Address: 615 Magnolia Boulevard, Burbank, CA 91501
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  • MLS#: 25626665 ( )
  • Street Address: 615 Magnolia Boulevard
  • Viewed: 3
  • Price: $3,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 90
  • Additional Information
  • County: LOS ANGELES
  • City: Burbank
  • Zipcode: 91501
  • Provided by: Berkshire Hathaway HomeServices California Propert
  • Contact: Nancy Nancy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    615 E. Magnolia Blvd. is an 11 unit multifamily property in a desirable Burbank location with steady rental demand, strong occupancy, and convenient access to nearby amenities. The building offers about 7,874 square feet of living space on a centrally located parcel near dining, parks, schools, and major entertainment employers. The property has street and alley access with gated entry and parking. There are 10 covered parking spaces and two uncovered. The roof was replaced in 2025. The unit mix includes five 2 bedroom units and six 1 bedroom units, several with balconies. The building has been family owned and maintained for more than 50 years and shows a long history of care and consistent performance. Laundry income provides an additional revenue source. The neighborhood offers a residential feel with close proximity to shopping, cafes, major roadways, and the Media District. Burbank continues to show reliable occupancy, strong tenant demand, and resilient rental trends. This 11 unit building is a strong opportunity for buyers seeking income stability, a well cared for asset, and long term positioning in one of the most durable markets in the San Fernando Valley.
Features
Building Area Total
  1. 7874.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 202650.00
Parcel Number
  1. 2455034013
Parking Features
  1. Covered
  2. Gated
  3. Controlled Entrance
  4. Uncovered
Postalcodeplus4
  1. 1945
Sourcesystemkey
  1. 25626665:CLAW
Totalexpenses
  1. 75406.00
Uncovered Spaces
  1. 2.00
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. BUR4*
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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