Active Under Contract

210 W Spazier

Burbank, CA 91502

$1,499,000 $6,319/Mo

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Overview

Bed

Bath

7,758

Sqft(Lot)

Description

Rare opportunity to acquire a well-maintained, fully occupied single-story four-unit investment property in the heart of Burbank. Ideally located on a quiet, low-traffic dead-end street just minutes from Interstate 5, Alameda Avenue, major studios, shopping, dining, and employment centers, this pride-of-ownership property offers stable current income and long-term upside. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all occupied by long-term month-to-month tenants. Under the same ownership for over 22 years, the property has experienced very little vacancy, reflecting its desirable location and strong rental demand. Numerous improvements include updated unit interiors, an updated sewer line, private full-size laundry sheds for the two-bedroom units, in terior stackable laundry in the one-bedroom units, and a charming shared courtyard patio for tenant enjoyment. Each unit is individually metered for gas and electricity. Four detached single-car garages and a large storage shed are rented separately, providing additional income beyond the apartment rents. A spacious rear parking area offers ample off-street parking for tenants and guests. Current gross scheduled income is approximately $9,850 per month ($118,200 annually) with a projected buyer pro forma cap rate of approximately 5.7% (buyer to verify). Situated on a generous 7,748 SF lot with potential future expansion or redevelopment opportunities (buyer to verify with the City of Burbank), this is an exceptional opportunity to acquire a quality investment property in one of Burbank's most sought-after rental neighborhoods.

Property Details

Property Type : ResidentialIncome

Price : $1,499,000

AD Id : 87704130

MLS Id : SR26147163

Beds : 6

Lot Size : 7,758 Sq. Ft

Year Built : 1949

Garage : 4

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Interior Features

AllBedroomsDown, BedroomOnMainLevel

Roof: Composition

Appliances: Dishwasher, GasRange, Microwave

Laundry Features: Inside, LaundryCloset, Outside, Stacked

Window Features: DoublePaneWindows
Heating & Cooling

Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

Building Information

Year Built: 1949

Building Area Total: 2492

Stories: 1

Pool Features: None

Private Pool: No

View: None

Lot Information

Main Square Feet: 7758 Lot Size Acres: 0.1781 Lot Size Source: Assessor Lot Size Square Feet: 7,758 Lot Description: CulDeSac

Listing Price Information

Listing Price: $1499000

Original Price: $1595000

Exchange1031

Tax Information

Parcel Number: 5625016017 Tax Lot: 30

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 8 DrivewayLevel, DoorSingle, Garage, OnSite, RvPotential

Garage Information

Has Garage: Yes Garage Space: 4

Utility Information

ElectricityConnected, WaterConnected
Location Information

Direction: Alameda to Lake to Spazier WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
167 W Ash, Burbank, CA, 91502	$1,200,000	4	3	--	6,275 Sq. Ft

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ByOwner last updated this listing 10/01/2026 @ 05:09

MLS: SR26147163 LISTED BY: Brian Palmer, RE/MAX Gateway 661-702-4900 SOURCE: CRMLS