CA > Burbank
Burbank, CA 91506,216 S Glenwood PL
Burbank, CA 91506,216 S Glenwood PL
Burbank, CA 91506,216 S Glenwood PL
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$1,850,000
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8,555 Sqft Lot
New

216 S Glenwood PL Burbank, CA 91506

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Del Raymond

Del Raymond

Coldwell Banker West

+1(619) 572-9750

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25088666

HOA Y/N No

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

Fireplace No

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

Total Parking Spaces 11

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2446028013

Energy Description 277.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Susan Featherly • Better Homes and Gardens Real Estate Town Center • 818-823-7443

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Del Raymond

Agent | License ID: 01949132

+1(619) 572-9750

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