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3809 W Chandler Blvd
Burbank, CA 91505
2-Units Burbank · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Prime Burbank Location Adjacent to the Chandler Bike Path Near the Media District
- Well Maintained Property w/ Recent Upgrades
- Strong Rental History
- In-Unit Laundry, Private Yards & Garages
- Newer Roof (w/ Permit)
- Perfect for Owner Occupant or Investment
Executive Summary
2-unit multifamily property in the highly desirable Magnolia Park neighborhood of Burbank, minutes from major film studios, the airport, hospital, schools, mall, parks, art district and more.
The property consists of two stacked 1-bedroom/1-bathroom units, each living like an individual home, featuring in-unit laundry, private outdoor areas and private garages with an additional parking spot for each unit. The property has been nurtured with upgraded interiors, a newer roof, paint, landscaping, and flooring through current ownership who has owned the property for nearly 10 years.
This is a compelling opportunity in a premier central Burbank location along the Chandler bike path and is perfect for an owner occupant (VA, FHA eligible) or an investor looking for an extremely well-maintained property offering a strong entry price in a predominantly single-family neighborhood and corridor where homes average over one million dollars.
The property consists of two stacked 1-bedroom/1-bathroom units, each living like an individual home, featuring in-unit laundry, private outdoor areas and private garages with an additional parking spot for each unit. The property has been nurtured with upgraded interiors, a newer roof, paint, landscaping, and flooring through current ownership who has owned the property for nearly 10 years.
This is a compelling opportunity in a premier central Burbank location along the Chandler bike path and is perfect for an owner occupant (VA, FHA eligible) or an investor looking for an extremely well-maintained property offering a strong entry price in a predominantly single-family neighborhood and corridor where homes average over one million dollars.
Property Facts
| Price Per Unit | $499,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.06% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 3.06 | Building Size | 2,219 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Zoning | BUR3 - Duplex | ||
| Price Per Unit | $499,000 |
| Sale Type | Investment |
| Cap Rate | 3.06% |
| Gross Rent Multiplier | 3.06 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,219 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | BUR3 - Duplex |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,038 | 515 - 522 |
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