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Listed by Massi Torabi • Nest Seekers CA Corp.
$ 4,500,000
Est. payment /mo
New
1544 N Edison BLD Burbank, CA 91505
7,677 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25176652
Year Built 1987
Lot Size 7,677 Sqft
Source California Regional MLS
Property Description
Rare opportunity to acquire an 8-unit, non-rent-controlled multifamily property in prime Burbank, held by the original builder for over 35 years. All units are spacious 2-bedroom, 2-bathroom layouts of approximately 1,000 sq ft, featuring modern finishes such as tile and laminate flooring, central A/C, and mirrored closet doors. Some units offer private balconies. The property includes gated entry, two parking spaces per unit, and a private storage room for each unit in the garage. Ideally situated near major studios like Warner Bros. and Disney, with easy access to freeways, Metrolink, and Burbank Airport. Tenants enjoy walkable access to shops, restaurants, and top-rated schools within the Burbank Unified School District. This property is not subject to local rent control. It is governed only by California's statewide rent cap law (AB 1482), which limits annual rent increases and provides just-cause eviction protections. Value-add potential includes the ability to increase income by adding in-unit washer and dryers and adjusting rents to market levels. The uniformity of unit layouts, long-term ownership history, and well-maintained condition make this a low-maintenance, easy-to-manage asset, ideal for both seasoned and first-time multifamily investors. With strong rent
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Cooling Central AC
Laundry In Garage, Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 2436019024
Special Listing Condition Not Applicable
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