615 E Magnolia Blvd, Burbank, CA 91501

$3,000,000
16
BD
12
BA
7,874
SqFt

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Sold Price
$3,000,000
List Price
$3,495,000
Closing Date
May 12, 2026
MLS#
25626665
Year Built
1962
Bedrooms
16
Bathrooms
12
Living Sq. Ft
7,874
Lot Size
8,692
Days on Market
92
Property Type
Multifamily
Stories
2

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.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Wall/Window
Number of Cars in Garage
Controlled Entrance, Covered Parking, Uncovered, Gated

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Courtesy of Berkshire Hathaway HomeServices California Propert, Nancy Sanborn - CA DRE#00771096 Selling Office: .

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