425 E Magnolia Blvd 8 Unit Apartment Building $2,800,000 ($350,000/Unit) Burbank, CA 91501

This 8-unit apartment building located at 425 E Magnolia Blvd presents a rare opportunity to acquire a well-maintained, garden-style asset in one of Burbank’s most sought-after rental markets. Built in 1954 and totaling approximately 6,508 square feet on a generous 9,055 square foot lot, the property offers strong curb appeal with a manicured setting that attracts quality tenants. Its prime location supports consistent demand, making it a stable investment with long-term appreciation potential.
The property features eight (8) 1-BR/1-BA units, with select units offering bonus dens that enhance livability and provide an opportunity to command higher rents. Tenants also benefit from having ingress and egress from both the front of the property and the alley, with both covered parking and tandem assignments. Ownership has completed key capital improvements, including upgrading the electrical subpanels for all units, helping reduce near-term capital expenditure needs and providing a solid operational foundation for a new investor.
From an investment standpoint, the asset offers a compelling value-add opportunity, with approximately 35% upside in current rents. Additionally, the expansive lot presents potential for ADU development (buyer to verify), allowing for further income growth and increased overall property value. This combination of in-place stability, rental upside, and development potential makes the property an ideal acquisition for investors seeking both immediate and long-term returns.