216 S Glenwood PL new Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91506
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25088666
Year Built 1953
Lot Size 8,555 Sqft
Property Sub-Type Apartment
Property Description
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!
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUR3*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Fence Block,Chain Link,Wood
Pool None
Community Features Curbs,Street Lights,Sidewalks
Roof Type Composition
Building
Lot Description Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard