615 E Magnolia Boulevard, Burbank, CA 91501

$3,000,000

$3,495,000

14.2%
Est.Price: ?

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Est. payment /mo

7,874 SqFt


SOLD DATE : 05/12/2026

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,874 sqft

Price per Sqft $381

MLS Listing ID CL25626665

Sold Date 05/12/26

HOA Y/N No

Year Built 1962

Lot Size 8,692 Sqft

Acres 0.1995

Property Sub-Type Other

Property Description

615 E. Magnolia Blvd. is an 11 unit multifamily property in a desirable Burbank location with steady rental demand, strong occupancy, and convenient access to nearby amenities. The building offers about 7,874 square feet of living space on a centrally located parcel near dining, parks, schools, and major entertainment employers. The property has street and alley access with gated entry and parking. There are 10 covered parking spaces and two uncovered. The roof was replaced in 2025. The unit mix includes five 2 bedroom units and six 1 bedroom units, several with balconies. The building has been family owned and maintained for more than 50 years and shows a long history of care and consistent performance. Laundry income provides an additional revenue source. The neighborhood offers a residential feel with close proximity to shopping, cafes, major roadways, and the Media District. Burbank continues to show reliable occupancy, strong tenant demand, and resilient rental trends. This 11 unit building is a strong opportunity for buyers seeking income stability, a well cared for asset, and long term positioning in one of the most durable markets in the San Fernando Valley.

Location

State CA

County Los Angeles

Zoning BUR4*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 2455034013

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Bridge MLS
Listed by Nancy Sanborn • Berkshire Hathaway HomeServices California Properties
Bought with KokoPolosajian

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