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Listed by Julian Munoz, DRE #01331008 • EMPOWER Real Estate
$1,600,000
Est. payment /mo
8,129 Sqft Lot
Active
2208 W Victory Burbank, CA 91506
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26195094
Style Contemporary
Year Built 1951
Lot Size 8,129 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Burbank fourplex offering an attractive combination of current income, significant rental upside and long-term development potential. Situated on an approximately 8,129 SF R-4 zoned lot, the property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, currently generating $6,808 per month in gross rents. Current rents provide substantial upside, with estimated market rents of approximately $2,500 for the 2-bedroom units and $2,000 for the 1-bedroom units-potential gross income of approximately $9,000 per month, representing more than 32% upside over current rents. Another standout feature is the exceptional garage parking: three 2-car garages plus one 1-car garage, providing a total of seven enclosed garage spaces for only four units. The property also includes a decommissioned laundry room that may provide an opportunity for restoration or repurposing, subject to City requirements and approval. Well maintained with valuable improvements including copper plumbing, dual-pane windows and low-maintenance landscaping, helping reduce ongoing ownership and maintenance demands. The sizable R-4 zoned lot may offer additional long-term potential for ADUs, additional units or future redevelopment. Combined with the existing four units, s
Location
State CA
County Los Angeles
Area 610 - Burbank
Rooms
Kitchen Hood Over Range, Oven Range - Gas, Refrigerator
Interior
Heating Floor Furnace , Heat Pump, Wall Furnace
Cooling Heat Pump, Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Garage Spaces 7.0
Pool 31, None
View Hills
Roof Type Shingle
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2438017037
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