508 N Rosemary Lane,Burbank, CA 91505
Burbank, CA 91505
Description
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.
Details
| MLS # | SR26148082 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1944 |
| Days On Site | 101 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Mario Acosta |
Features
| SQ Feet | 2,392 |
|---|---|
| Garage | 3 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.25 |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Back Yard, Near Park |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Burbank |
| Zip Code | 91505 |
| Area | 610 Burbank |
| Listing VS Median (in 91505) | |
Price: $1,499,000 low | high Med: $1,649,000 sqft: 2,392 low | high Med: 3,140 $ / sqft: $627 low | high Med: $525 On site: 101 low | high Med: 103 | |
Market Activity 91505
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Burbank |
| Zip Code | 91505 |
| Area | 610 Burbank |
| Listing VS Median (in 91505) | |
Price: $1,499,000 low | high Med: $1,649,000 sqft: 2,392 low | high Med: 3,140 $ / sqft: $627 low | high Med: $525 On site: 101 low | high Med: 103 | |