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The Warburton Team Brokered By EXp

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

$1,600,000

Est. payment - /mo

8,128 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26195094

HOA Y/N No

Year Built 1951

Lot Size 8,128 Sqft

Property Sub-Type Quadruplex

Property Description

Burbank fourplex offering an attractive combination of current income, significant rental upside and long-term development potential. Situated on an approximately 8,129 SF R-4 zoned lot, the property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, currently generating $6,808 per month in gross rents.

Current rents provide substantial upside, with estimated market rents of approximately $2,500 for the 2-bedroom units and $2,000 for the 1-bedroom units—potential gross income of approximately $9,000 per month, representing more than 32% upside over current rents.

Another standout feature is the exceptional garage parking: three 2-car garages plus one 1-car garage, providing a total of seven enclosed garage spaces for only four units. The property also includes a decommissioned laundry room that may provide an opportunity for restoration or repurposing, subject to City requirements and approval.

Well maintained with valuable improvements including copper plumbing, dual-pane windows and low-maintenance landscaping, helping reduce ongoing ownership and maintenance demands.

The sizable R-4 zoned lot may offer additional long-term potential for ADUs, additional units or future redevelopment. Combined with the existing four units, substantial garage footprint and former laundry area, the property presents multiple possibilities for an investor to explore, subject to applicable regulations and City of Burbank approval.

Conveniently located near Burbank's major employment centers, studios, shopping, dining and transportation. 2208 W Victory Blvd represents a compelling opportunity to acquire a well-maintained Burbank multifamily asset with existing income, meaningful rental upside, substantial parking and future development potential. Buyer to independently verify rents, square footage, zoning, ADU feasibility and development possibilities.

Location

State CA

County Los Angeles

Area 610 - Burbank

Interior

Interior Features Ceiling Fan(s), Tile Counters

Heating Floor Furnace, Heat Pump, Wall Furnace

Cooling Heat Pump, Wall/Window Unit(s)

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Range Hood

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 7.0

Garage Description 7.0

Fence Vinyl, Wire

Pool None

Community Features Sidewalks, Park

View Y/N Yes

View Hills

Roof Type Shingle

Total Parking Spaces 7

Private Pool No

Building

Lot Description Near Park, Rectangular Lot

Faces North

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2438017037

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

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Listed by Julian Munoz EMPOWER Real Estate 818-399-4066, DRE #01331008

NEARBY SCHOOL & BUSINESS

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2208 W Victory Burbank, CA 91506