Turnkey 4-unit property in a prime studio-adjacent location generating approximately $14,000 PER MONTH in gross rental income. Located near Disney and Nickelodeon studios, this fully upgraded compound features a 3 bed 2 bath main home, a 1 bed 1 bath attached ADU, and two detached 2 bed 1 bath units in the rear. All units have been tastefully renovated with quartz countertops, laminate flooring, recessed lighting, double pane windows, new roofs, and modern appliances. Interiors and exteriors have been recently painted and still look GREAT. Central heat and air in all units except the junior ADU, which has a mini-split. EACH UNIT COMES WITH ASSIGNED PARKING AND A PRIVATE PATIO—ideal for pets, BBQs, or storage.
Three units operate as short-term rentals with consistent AIRBNB BOOKINGS generating strong cash flow. One unit is rented to a long-term tenant at $2,700 per month, paid early every month without fail. Total gross income is APPROXIMATELY $14,000 PER MONTH, offering excellent returns for investors.
The property has SEPARATE ELECTRIC METERS for all units except the junior ADU, which shares with the main house. One shared gas and water meter. Utilities are currently paid by the owner. Located in a HIGH-DEMAND rental market close to major studios, dining, shopping, and freeways. An ideal option for investors seeking a proven, INCOME-GENERATING ASSET in one of the most desirable pockets of the valley.
Property Sub Type:
Single Family Residence
Property Attached:
Yes
Lot Area:
7,459 sq. ft.693 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1926
(Age: 99)
General Listing Location:
Burbank, 610 - Burbank
County Or Parish:
Los Angeles
Common Interest:
None
Gross Income:
$170,820
Gross Scheduled Income:
$170,820
Net Operating Income:
$147,360
Rent Control:
No
Total Actual Rent:
$14,235
Land Lease:
No
Electric Expense:
$1,700
Fuel Expense:
$840
Insurance Expense:
$2,497
Operating Expense:
$23,460
Trash Expense:
$940
Water and Sewer Expense:
$965
Tax Lot:
7
Tax Block:
C
main cross streets: W Verdugo Ave & W Olive Ave
Floor
Type
Size
Other
-
Bedroom
Measurements not available
All Bedrooms Down
Appliances:
Dishwasher, Microwave
Number of Buildings:
2
# of Electric Meters:
2
# of Gas Meters:
2
# of Water Meters:
2
Community Features:
Street Lights, Sidewalks
Senior Community:
No
Interior Features:
Open Floorplan, Recessed Lighting, All Bedrooms Down