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615 E Magnolia Blvd
For Sale $3,750,000 ($476.25 per Sq Ft)
$3,750,000 ($476.25 per Sq Ft)
- 11 Units
- 7,874 Sq Ft
- 8,692 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,750,000 |
| Property Type | Multi-Family |
| Usable Sqft | 7,874 |
| Number of Stories | 2 stories |
| Parking Spots | 10 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2455034013 |
| MLS # | 25626665 |
| Property ID | 292441662 |
| Lot Sqft | 8,692 |
| Zoning | BUR4* |
| Total Units | 11 |
| Days on Market | 33 |
| Original List Price | $3,750,000 |
| Date Updated | January 05, 2026 |
| Date Created | December 09, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,013 | $2,013 |
| Unit #2 | 1 | 1.00 | $1,954 | $2,200 |
| Unit #3 | 1 | 1.00 | $0 | $2,200 |
| Unit #4 | 2 | 1.00 | $0 | $2,500 |
| Unit #5 | 2 | 1.50 | $2,179 | $2,179 |
| Unit #6 | 2 | 1.00 | $2,100 | $2,100 |
| Unit #7 | 1 | 1.00 | $1,900 | $1,900 |
| Unit #8 | 1 | 1.00 | $1,850 | $1,850 |
| Unit #9 | 1 | 1.00 | $1,831 | $1,831 |
| Unit #10 | 1 | 1.00 | $1,945 | $1,945 |
| Unit #11 | 2 | 1.00 | $2,300 | $2,300 |
| Gross Income (Yr) | $ 278,056 |
| Operating Expenses | $ 75,406 |
| Net Income (Yr) | $ 202,650 |
| Cap Rate | 5.40% |
Listing Provided By
Nancy Sanborn an agent of Berkshire Hathaway HomeServices California Propert. Lic #00771096
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Robert Crawford
REAL ESTATE AGENT