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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,499,000

Est. payment - /mo

10,868 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26148082

HOA Y/N No

Year Built 1944

Lot Size 10,868 Sqft

Property Sub-Type Triplex

Property 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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Inside, See Remarks

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks, Park

View Y/N Yes

View Park/Greenbelt, Neighborhood

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Near Park

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2480025003

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Mario Acosta Berkshire Hathaway HomeServices California Properties 818-392-5200, DRE #01328908

NEARBY SCHOOL & BUSINESS

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508 N Rosemary LN Burbank, CA 91505