Prime Investment Opportunity in Burbank! Welcome to 216 South Glenwood Place, a well-maintained 6-unit multifamily property located in a highly desirable Burbank neighborhood. Situated on a quiet, tree-lined street just minutes from studios, Magnolia Park, and top-rated schools, this rare offering presents an ideal opportunity for investors seeking strong rental income in a stable, high-demand market. The property consists of six thoughtfully designed units—(5) one-bedroom/one-bath and (1) two-bedroom/one-bath apartments, complete both garage parking and outdoor parking spaces. Total building square footage of 3500 is situated on an 8562 lot. Tenants enjoy shared amenities including on-site laundry facilities, a spacious courtyard with mature landscaping. The property also offers separate gas and electric meters, providing ease of management and cost efficiency for the owner. With long-term upside potential, steady occupancy history, and located in a non-rent controlled city, this is a turnkey addition to any investor’s portfolio. Zoned R-3 and located in one of the most sought-after rental markets in Los Angeles County, 216 South Glenwood Place combines immediate income with long-term growth potential. Don’t miss this rare chance to own a premier multifamily asset in the heart of Burbank!
For sale
Listing Provided by:
Susan Featherly DRE #01445745 818-823-7443,
Better Homes and Gardens Real Estate Town Center,
George Micalchuck DRE #01241899,
Better Homes and Gardens Real Estate Town Center
$1,850,000
216 S Glenwood Pl, Burbank, CA 91506
7beds
6baths
3,500sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$529/sqft
$-- HOA
What's special
Quiet tree-lined streetThoughtfully designed units
- 123 days
- on Zillow |
- 215 |
- 14 |
- Loading
- Loading