REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,500,000
Est. payment /mo
New
1544 N Edison Boulevard Burbank, CA 91505
16 Beds
16 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25176652
Bedrooms 16
Property Sub-Type Res Income 2-4 Units
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 Californias 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 rental demand and minimal regulatory restrictions, this property offers immediate cash flow and long-term upside. Disclaimer: Information herein is deemed reliable but not guaranteed. Buyers are advised to verify all facts and conduct their own due diligence prior to purchase.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction North of Victory Blvd, West of Hollywood Way, near Empire Center and Burbank Airport.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 2436019024
Listed by Massi Torabi Nest Seekers CA Corp.